The KUIK Market Update for Monday, April 15: |
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Markets are down. |
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Index |
Direction |
Change |
Units |
Last |
Time |
Change |
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Dow |
Down |
(68) |
points |
14,797 |
8:00 AM |
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S&P500 |
Down |
-0.60% |
percent |
1,579 |
|
(9.55) |
points |
Nasdaq Composite |
Down |
-0.65% |
percent |
3,274 |
|
(21.36) |
points |
30 Year Treasury |
Down |
(1) |
Basis Points |
2.91 |
Annual Yield |
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Chinese economic data released came in weaker than expected, sending stocks lowe. Gross domestic product for the 1st quarter rose 7.7% from 1st quarter of 2012, according to the Chinese National Bureau of Statistics, down from 7.9% in the fourth quarter, and missing projections for 8% in surveys from Dow Jones and Reuters. Industrial production increased 8.9% from a year ago, but below the 10% gain in a Dow Jones forecast. |
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Confidence of home builders fell in April for a third month, hitting the lowest level in six months. It is hurt by weaker views on present sales of single-family homes and prospective-buyer traffic, according to the National Association of Home Builders/Wells Fargo housing-market index. The overall builder-confidence index decreased to 42 in April from 44 in March. |
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May crude oil fell $2.92, or 3.2%, to $88.37 a barrel on the New York Merc. If prices close around these levels, that will be the lowest level for a most-active contract since late December according to FactSet. So far in the session, oil low was $88.05. |
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Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. |
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http://www.marketwatch.com/story/china-economic-data-disappoint-slamming-stocks-2013-04-14 |
http://www.marketwatch.com/story/april-home-builder-confidence-lowest-in-six-months-2013-04-15?link=MW_story_latest_news |
http://www.marketwatch.com/story/oil-below-89-as-china-data-deepen-demand-worries-2013-04-15?link=MW_Nav_NV |
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