| The KUIK Market Update for Tuesday, July 8: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (101) | points | 16,924 | 7:56 AM | ||
| S&P500 | Down | -0.6% | percent | 1,966 | (12.01) | ||
| Nasdaq Composite | Down | -1.3% | percent | 4,394 | (57.05) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.40 | Annual Yield | ||
| The National Federation of Independent Business said its small-business optimism index fell 1.6 points to 95, as six of 10 components fell and only two rose. Those who expect the economy to improve dropped 10 points to a net negative 10 reading, for the biggest shift. The two jobs components (those that plan to increase employment and current job openings) both rose. | |||||||
| Shares of Tesla Motors are down3% today, bringing losses so far this week to 6.2%. Tesla is being sued in China for trademark infrigement. Tesla began delivering Model S sedans in China in April, after saying that a trademark dispute with Chinese businessman Zhan Baosheng had been resolved. Zhan had registered the trademark “Tesla” and is now taking the electric car maker to court to demand it stop sales and marketing in China. A Beijing court will hear the case on Aug. 5. | |||||||
| August natural gas is down nearly 1.6%, to $4.16 per million British thermal units and prices fell more than 4% yesterday. Prices have not t closed this low since Jan. 10. Analysts blame lower than normal temperatures in the Upper Midwest for the drop. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/small-business-optimism-index-drops-in-june-nfib-2014-07-08 | |||||||
| http://www.marketwatch.com/story/tesla-down-3-sued-in-china-for-trademark-infringement-2014-07-08?link=MW_home_latest_news | |||||||
| http://www.marketwatch.com/story/natural-gas-extends-drop-on-supply-expectations-2014-07-08?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||