Morning Market Report 4/30/2012

This is Bill Roller of BR Capital with the KUIK Morning Market   Report for Monday, April, 30
Markets are off this morning.
Index Direction Change Units Last 8:02 AM
Dow Down                (35) points            13,196
S&P500 Down -0.48% percent              1,397
Nasdaq Composite Down -0.57% percent              3,052
30 Year Treasury Down               (1.6) basis points              3.10
The Institute for Supply Management said its Chicago Purchasing Manager’s index decreased to 56.2 in April from 62.2 in March.  This was lower than the most pessimistic forecast in a Bloomberg survey.    Readings greater than 50 indicate growth. Economists projected the gauge would fall to 60.
Following   last week’s downgrade of Spanish government debt, Standard & Poor’s cut   ratings on 11 Spanish banks, including the largest–Banco Santander.  S&P also placed on CreditWatch negative   most banks in Spain that weren’t already on CreditWatch.
Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.bloomberg.com/news/2012-04-30/chicago-purchasing-managers-index-decreased-in-april.html
http://www.marketwatch.com/story/sp-bank-move-data-piles-pressure-on-spain-2012-04-30
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3