| The KUIK Closing Market Report for Tuesday, May 14: | |||||||
| Markets finished up. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 124 | points | 15,215 | 2:18 PM | ||
| S&P500 | Up | 1.01% | percent | 1,650 | 16.57 | points | |
| Nasdaq Composite | Up | 0.69% | percent | 3,463 | 23.82 | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 3.16 | Annual Yield | ||
| The Congressional Budget Office cuts its estimate of the current year deficit by $200 billion to $642 billion. This would be the lowest deficit since 2008 and a deficit-to-GDP ratio of 4%. The reduced deficit comes from higher-than-expected revenues and an increase in payments to the Treasury by Fannie Mae and Freddie Mac. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/cbo-slashes-estimate-of-deficit-by-200-billion-2013-05-14?dist=afterbell | |||||||
| For today’s Closing Market Report click to listen-> | |||||||