| The KUIK Morning Market Report 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 | 51 | points | 14,771 | 7:06 AM | ||
| S&P500 | Up | 0.51% | percent | 1,590 | 8.12 | points | |
| Nasdaq Composite | Up | 0.73% | percent | 3,303 | 23.85 | 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. | |||||||
| Pending sales of homes rose 1.5% in March, reversing February’s decline, according to the National Association of Realtors. The pending-home-sales index increased to 105.7 in March from 104.1 in February, and was up 7% from March 2012. By region pending home sales rose 2.7% in the South, 1.5% in the West, and 0.3% in the Midwest. There was no change in the Northeast. | |||||||
| 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/pending-home-sales-rise-15-in-march-2013-04-29-1091013 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||