| The KUIK Market Update for Monday, April 29: | |||||||
| Stocks opened higher, with Wall Street looking for another positive month, as corporate earnings and outlooks surprised to the upside. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 75 | points | 14,787 | 7:53 AM | ||
| S&P500 | Up | 0.62% | percent | 1,592 | 9.83 | points | |
| Nasdaq Composite | Up | 0.89% | percent | 3,308 | 29.17 | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 2.85 | Annual Yield | ||
| The Commerce Department reports consumer spending rose 0.2% in March which was the smallest increase since December, more evidence that the economy is slowing. Personal income rose a seasonally adjusted 0.2% last month. Economists surveyed by MarketWatch forecast a 0.1% rise in spending and a 0.4% increase in income. The personal savings rate held steady at 2.7%, just slightly above a five-year low. | |||||||
| Some 81% of Americans know that the standard homeowners’ insurance policy doesn’t cover flood damage, but barely one in 10 homeowners has a flood-insurance policy, according to Bankrate.com. There’s a good tool at Floodsmart.gov that will give you the risk level of your property. The average flood-insurance policy will set you back about $600 a year, though costs vary. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-consumer-spending-rises-02-in-march-2013-04-29-8913027 | |||||||
| http://www.marketwatch.com/story/water-water-everywhere-but-no-insurance-2013-04-29 | |||||||
| For today’s Market Update Report click to listen-> | |||||||