| This is Bill Roller of BR Capital with the KUIK Closing Market Report for Thursday, May, 10 | |||||||
| Markets finished mixed today. | |||||||
| Direction | Change | Units | |||||
| Dow | Up | 20 | points | 12,855 | 2:20 PM | ||
| S&P500 | Up | 0.25% | percent | 1,358 | |||
| Nasdaq Composite | Down | -0.04% | percent | 2,934 | |||
| 30 Year Treasury | Up | 1.2 | basis points | 3.05 | |||
| The U.S. government in April posted its first monthly budget surplus since September 2008, according to the Treasury Department Tax receipts climbed and spending on education, Medicare and some defense programs fell. The surplus of $59 billion is the first of Obama’s presidency. The government spent $260 billion in April, $70 billion less than in the same month in 2011. Receipts in April were $319 billion, up $29 billion from a year ago. But it’s not all rosy. For the full fiscal year, Treasury is projecting another deficit of more than $1 trillion. For the fiscal year to date, the deficit is a mere $720 billion. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-posts-first-budget-surplus-since-2008-2012-05-10-1419510?dist=afterbell | |||||||
| For today’s Closing Market Report click to listen-> | https://beaconrwa.com/audio/Closing-Market-Report.mp3 | ||||||