| The KUIK Market Update for Tuesday, May 7: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 37 | points | 15,005 | 8:00 AM | ||
| S&P500 | Up | 0.17% | percent | 1,620 | 2.70 | points | |
| Nasdaq Composite | Down | -0.16% | percent | 3,388 | (5.30) | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 2.99 | Annual Yield | ||
| Corelogic reports U.S. home prices climbed 1.9% in March, marking the 13th straight monthly rise and a 10.5% year-on-year gain. Excluding distressed sales, the monthly gain was 2.4%. There were strong gains in the west including a 22.2% year-on-year gain in Nevada and a 17.2% gain in California. Four states saw year-on-year declines: Delaware, Alabama, Illinois and Virginia. CoreLogic’s pending home price indicator points to a 1.3% monthly and 9.6% year-on-year gain for April. | |||||||
| Congress took a step toward ending tax-free shopping on the Internet, as the Senate passed The Marketplace Fairness Act, giving states the power to collect sales tax for purchases made online. But Online shoppers won’t have to pay just yet. The measure received 69 yes votes and 27 no votes in the Senate and goes to the House of Representatives where anti-tax sentiment may make it difficult to pass. | |||||||
| The Labor Department reports job openings at U.S. workplaces ticked down to 3.84 million in March from 3.9 million in February. Compared with same period last year, March’s job openings were almost unchanged, as private openings remained at about 3.45 million, and government openings declined to 393,000 from 396,000. With about 11.7 million unemployed people in March, there were 3.1 potential job seekers per opening, matching February. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-climb-19-in-march-corelogic-2013-05-07 | |||||||
| http://www.marketwatch.com/story/senate-passes-internet-sales-tax-bill-2013-05-06-191033140 | |||||||
| http://www.marketwatch.com/story/march-job-openings-tick-down-to-384-million-2013-05-07 | |||||||
| For today’s Market Update Report click to listen-> | |||||||