| The KUIK Closing Market Report for Monday, May 6: | |||||||
| Markets ended mixed. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Down | (5) | points | 14,969 | 2:38 PM | ||
| S&P500 | Up | 0.19% | percent | 1,618 | 3.08 | points | |
| Nasdaq Composite | Up | 0.42% | percent | 3,393 | 14.34 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 2.99 | Annual Yield | ||
| MBIA and Bank of America settled a five-year legal battle over soured mortgage debt in a deal that will pay MBIA the equivalent of $1.7 billion and give the bank a 5 percent stake in the bond insurer. MBIA shares finished up $3.93 to $14.10 a share, their highest level since September 2008. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2013-05-06/mbia-bofa-accord-said-to-end-all-claims-in-mortgage-fight.html | |||||||
| For today’s Closing Market Report click to listen-> | |||||||