| The KUIK Morning Market Report for Monday, May 13: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (60) | points | 15,056 | 6:55 AM | ||
| S&P500 | Down | -0.43% | percent | 1,627 | (6.96) | points | |
| Nasdaq Composite | Down | -0.25% | percent | 3,428 | (8.65) | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 3.13 | Annual Yield | ||
| The Commerce Department reported retail sales rose a seasonally adjusted 0.1% last month, a sign that consumer spending might not be as soft as expected. Economists polled by MarketWatch expected a 0.6% drop. Sales at gas stations sank 4.7% to mark the biggest decline in more than five years. | |||||||
| The Wall Street Journal reports federal investigators are looking into scrutiny of conservative groups by the Internal Revenue Service. The IRS looked for political leanings in applications for tax-exempt status. The Treasury Inspector General for Tax Administration is reviewing the matter and is expected to release its report in the coming week. So much for conservative accounting. | |||||||
| Marketwatch reports the U.S. dollar rose versus the Japanese yen and the Australian dollar. The Federal Reserve is working on a plan on how reduce economic stimulus. June Gold fell 0.5%, to $1,429.40 an ounce on the NY Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-retail-sales-climb-01-in-april-2013-05-13 | |||||||
| http://www.marketwatch.com/story/irs-scrutinized-conservative-groups-review-finds-2013-05-12 | |||||||
| http://www.marketwatch.com/story/gold-prices-dull-as-us-dollar-strengthens-2013-05-13 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||