| The KUIK Market Update for Monday, July 14: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 136 | points | 17,080 | 7:53 AM | ||
| S&P500 | Up | 0.6% | percent | 1,979 | 11.57 | ||
| Nasdaq Composite | Up | 0.7% | percent | 4,446 | 30.17 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.36 | Annual Yield | ||
| Citigroup struck a $7 billion deal with the Justice Department to settle allegations it sold bad mortgages in the run-up to the financial crisis. The bank said it will pay $4.5 billion in cash and provide $2.5 billion in consumer relief. The cash portion consists of a $4 billion civil penalty payment to the Department of Justice and $500 million in compensatory payments to state attorneys general and the FDIC. | |||||||
| Home Depot will start selling 3D printers. The company has started selling devices from MakerBot, a 3-D printer maker acquired by Stratasyslast year, in 12 locations as part of a pilot project. The effort will include stores in California, Illinois and New York. | |||||||
| Gold is down today as solid gains for stocks and light physical demand prompted investors to take profits on recent gains. August gold is down 1.4%, to $1,319 an ounce. September silver fell more than 1.4%, to $21.15 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/citigroup-to-pay-7-billion-to-resolve-mortgage-probe-2014-07-14 | |||||||
| http://www.bloomberg.com/news/2014-07-14/home-depot-starts-selling-3-d-printers-in-stores-for-first-time.html | |||||||
| http://www.marketwatch.com/story/gold-slips-but-trend-still-points-higher-2014-07-14?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||