| The KUIK Market Update for Tuesday, April 30: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (34) | points | 14,784 | 8:01 AM | ||
| S&P500 | Down | -0.11% | percent | 1,592 | (1.78) | points | |
| Nasdaq Composite | Up | 0.16% | percent | 3,312 | 5.17 | points | |
| 30 Year Treasury | Down | (0) | Basis Points | 2.87 | Annual Yield | ||
| Marketwatch reports the Chicago Purchasing Managers Index slumped to a three-and-a-half year low of 49.0 in April, down from 52.4 in March. Indicating the economy is contracting. Economists polled by MarketWatch had expected 52.5. Order backlogs were particularly weak, falling to 40.6 from 45.0. | |||||||
| The S&P/Case-Shiller 20-city composite index of home prices rose 0.3% in February, before seasonal adjustment, and was up 9.3% from 2012, the largest annual growth since May 2006. | |||||||
| The consumer confidence index climbed to 68.1 in April from an upwardly revised 61.9 in March, according to the Conference Board. That beat the 61.3 estimate of economists surveyed by MarketWatch. | |||||||
| The Federal Reserve is scheduled to issue a statement on monetary policy at 11 a.m. Pacific tomorrow, following its regular meeting of policy makers. While economic data has weakened, the central bank is not expected to change its current pace of asset purchases. The Fed currently buys $85 billion a month in mortgage and Treasury debt. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chicago-pmi-slumps-to-35-year-low-in-april-2013-04-30 | |||||||
| http://www.marketwatch.com/story/us-home-price-advance-continues-2013-04-30 | |||||||
| http://www.marketwatch.com/story/consumers-slightly-more-confident-in-april-2013-04-30 | |||||||
| http://www.marketwatch.com/story/dollar-seesaws-vs-yen-but-monthly-win-in-sight-2013-04-30 | |||||||
| For today’s Market Update Report click to listen-> | |||||||