| The KUIK Morning Market Report for Tuesday, April 23: |
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| Markets are up. |
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| Index |
Direction |
Change |
Units |
Last |
Time |
Change |
|
| Dow |
Up |
114 |
points |
14,682 |
6:59 AM |
|
|
| S&P500 |
Up |
0.66% |
percent |
1,573 |
|
10.28 |
points |
| Nasdaq Composite |
Up |
0.87% |
percent |
3,262 |
|
28.28 |
points |
| 30 Year Treasury |
Down |
(1) |
Basis Points |
2.87 |
Annual Yield |
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U.S. stocks opened higher as investors reacted to upbeat corporate earnings from Netflix. The market is also looking toward Apple’s results this afternoon after the close. The decline in government-debt yields including the distressed Spanish and Italian markets also pushed up stocks.
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| The U.S. flash manufacturing purchasing managers index fell to a 52.0 reading in April from 54.6 in March, Markit reported. This is the lowest reading in six months. New orders slowed sharply in April, employment also expanded at a slower rate.The index is above 50, which indicates expansion, but it was the sharpest drop since June 2010. |
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| U.S. home prices rose 0.7% on a seasonally adjusted basis in February,according to the Federal Housing Finance Agency. In the 12 months ended in February, home prices were up 7.1%, though they still 13.6% below the index’s April 2007 peak. The FHFA index has not declined in any month since January 2012. The index is calculated by using the purchase price of houses whose mortgages have been sold to or guaranteed by Fannie Mae or Freddie Mac. |
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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/us-stocks-open-higher-as-earnings-beat-low-bar-2013-04-23?dist=markets |
| http://www.marketwatch.com/story/us-flash-pmi-signals-slowdown-2013-04-23 |
| http://www.marketwatch.com/story/fhfa-house-price-index-climbs-07-in-february-2013-04-23 |
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| For today’s Morning Market Report click to listen-> |
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