| The KUIK Market Update Report for Friday, October 10: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (47) | points | 16,612 | 7:33 AM | ||
| S&P500 | Down | -0.8% | percent | 1,913 | (15.30) | ||
| Nasdaq Composite | Down | -1.8% | percent | 4,300 | (77.94) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.04 | Annual Yield | ||
| Global oil prices have been falling on a combination of bearish factors including high U.S. oil production, a surge in Libyan oil output, a seasonal peak in refinery maintenance and weak demand from Asia and Europe. | |||||||
| Stocks have dropped amid this week’s big swings, dragged down mostly by worries about growth, the end of QE by the Fed, a surging dollar and weakness in small caps | |||||||
| The S&P 500 is reversing early morning gains and edging lower. There is a sense of “defensive” trade, as utilities and consumer staples sector stocks are up sharply, while technology and energy are main losers. | |||||||
| Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oil-prices-fall-with-brent-dropping-to-lowest-since-2010-2014-10-10 | |||||||
| http://blogs.marketwatch.com/thetell/2014/10/10/stock-market-live-blog-mixed-performance-as-volatile-week-heads-for-finish-line/ | |||||||
| http://blogs.marketwatch.com/thetell/2014/10/10/stock-market-live-blog-mixed-performance-as-volatile-week-heads-for-finish-line/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||