| The KUIK Market Update for Friday, April 26: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 23 | points | 14,723 | 7:40 AM | ||
| S&P500 | Down | -0.17% | percent | 1,582 | (2.77) | points | |
| Nasdaq Composite | Down | -0.32% | percent | 3,279 | (10.60) | points | |
| 30 Year Treasury | Down | (4) | Basis Points | 2.87 | Annual Yield | ||
| The Commerce Department reports gross domestic product grew at a 2.5% annual rate in the first quarter, up from only 0.4% at the end of 2012 but below expectations. The boost came mostly from consumer spending which rose 3.2% from 1.8% in the fourth quarter. | |||||||
| Financial stocks fell on that gross domestic product miss. The Financial Select Sector SPDR was off 0.3% in early trading. Citigroup and Goldman Sachs were down more than 0.7%. J.P. Morgan Chase and Bank of America were down 0.4%. | |||||||
| The U.S. Senate passed a bill late yesterday to ease flight delays linked to the sequester by giving the Department of Transportation permission to move money from its other accounts to shore up air-traffic-controller staffing. The House of Representatives could vote on the measure as early as today. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-expands-25-in-first-quarter-2013-04-26 | |||||||
| http://www.marketwatch.com/story/financials-down-after-gdp-misses-expectations-2013-04-26?dist=markets | |||||||
| http://www.marketwatch.com/story/senate-votes-to-ease-flight-delays-from-sequester-2013-04-25 | |||||||
| For today’s Market Update Report click to listen-> | |||||||