| This is Bill Roller of BR Capital with the KUIK Closing Market Report for Thursday, May, 24. | |||||||
| Markets finished up today. | |||||||
| Direction | Change | Units | |||||
| Dow | Up | 34 | points | 12,530 | 1:08 PM | ||
| S&P500 | Up | 0.14% | percent | 1,321 | |||
| Nasdaq Composite | Down | -0.38% | percent | 2,839 | |||
| 30 Year Treasury | Up | 5.3 | basis points | 2.85 | |||
| Europe is slowing down. Private-sector output across the 17-nation euro zone contracted in May at the sharpest pace since mid-2009, according to the preliminary Markit purchasing managers index . The composite PMI index fell to a 35-month low of 45.9 from 46.7 in April. A reading of less than 50 signals contraction. | |||||||
| Bank profits in the first quarter of 2012 reached their highest quarterly income levels in nearly five years according to the FDIC. However, total bank loan and lease balances declined by $56 billion in the quarter, | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/euro-zone-pmi-points-to-sharper-may-contraction-2012-05-24 | |||||||
| http://www.marketwatch.com/story/fdic-bank-profits-at-highest-level-since-2007-2012-05-24-101035418?dist=afterbell | |||||||
| For today’s Closing Market Report click to listen-> | https://beaconrwa.com/audio/Closing-Market-Report.mp3 | ||||||
| Short Link> | http://wp.me/p2lo3H-lV | ||||||