| The KUIK Market Update for Tuesday, April 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 104 | points | 14,677 | 7:57 AM | ||
| S&P500 | Up | 0.68% | percent | 1,573 | 10.66 | points | |
| Nasdaq Composite | Up | 0.83% | percent | 3,266 | 26.85 | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 3.10 | Annual Yield | ||
| Orders for goods produced in U.S. factories rose 3% in February to mark the biggest gain in five months, mainly because of increased orders for aircraft, according to the Commerce Department. That met expectations. Excluding transportation, orders rose by just 0.3% and orders for durable goods – products meant to last at least three years – jumped 5.6%. Nondurable goods such as food and clothing rose 0.8%. | |||||||
| White House press secretary Jay Carney announced 480 employees at the Office of Management and Budget have been furloughnotices. OMB workers will need to take 10 days off between April 21 and Sept. 7. President Barack Obama is preparing to release his next budget on April 10, so there is time for OMB staff to complete that before taking unpaid days off. | |||||||
| Marketwatch reports stocks are up on car sales. Car makers reported March sales figures. Edmunds.com raised its 2013 forecast for U.S. light vehicle sales to 15.5 million, showing some optimism. General Motors announced total March sales rose 6.4% to 245,950 from a year ago and the best in five years. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-factory-orders-climb-30-in-february-2013-04-02?dist=lcountdown | |||||||
| http://blogs.marketwatch.com/election/2013/04/01/white-house-budget-staff-given-furlough-notices/ | |||||||
| http://www.marketwatch.com/story/us-stocks-rise-as-car-makers-report-sales-2013-04-02 | |||||||
| For today’s Market Update Report click to listen-> | |||||||