| The KUIK Morning Market Report for Monday, April 15: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (86) | points | 14,778 | 7:03 AM | ||
| S&P500 | Down | -0.72% | percent | 1,577 | (11.38) | points | |
| Nasdaq Composite | Down | -0.70% | percent | 3,272 | (23.17) | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 2.91 | Annual Yield | ||
| Chinese economic data released came in weaker than expected, sending stocks lower across Asia. 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, well below the Dow Jones forecast of a 10% gain. | |||||||
| That Chinese data hurt the gold market, because of lower industrial demand for the yellow metal. June Gold fell a whopping $87.40, or 5.8%, to $1,413.80 an ounce on the New York Merc. | |||||||
| 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. | |||||||
| 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/gold-falls-sharply-copper-hit-after-china-data-2013-04-15 | |||||||
| http://www.marketwatch.com/story/april-home-builder-confidence-lowest-in-six-months-2013-04-15?link=MW_story_latest_news | |||||||
| For today’s Morning Market Report click to listen-> | |||||||