Market Update Report 4/15/2013

The KUIK Market Update for Monday, April 15:
Markets are down.
Index Direction Change Units Last Time Change
Dow Down                    (68) points             14,797 8:00 AM
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
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.
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.
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.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
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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