| The KUIK Market Update for Tuesday, May 14: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 69 | points | 15,160 | 7:50 AM | ||
| S&P500 | Up | 0.74% | percent | 1,646 | 12.05 | points | |
| Nasdaq Composite | Up | 0.67% | percent | 3,462 | 23.08 | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 3.11 | Annual Yield | ||
| U.S. crude-oil futures reversed course and dropped below $95 a barrel, after the International Energy Agency said strong oil production in the U.S. is expected to outpace the demand in high-growth emerging markets. June crude fell 0.3%, to $94.86 a barrel. In its Medium Term Oil Market report the IEA said: “The supply shock created by a surge in North American oil production will be as transformative to the market over the next five years as was the rise of Chinese demand over the last 15.” | |||||||
| The prices paid for imported goods fell 0.5% in April, mainly because of lower oil costs, according to the Labor Department. That met expectations. Excluding fuel, import prices fell by a smaller 0.2% in April. Fuel import prices fell 1.7% in April after a 0.6% drop in March. | |||||||
| The National Federation of Independent Business said its small-business optimism index rose 2.6 points to 92.1 in April, which more than offset March’s drop. The largest gains in the index came from those who expect the economy to improve, it’s at negative 15% and those who expect real sales to be higher at 4%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oil-prices-higher-as-dollar-takes-a-breather-2013-05-14 | |||||||
| http://www.marketwatch.com/story/us-import-prices-decline-05-in-april-2013-05-14 | |||||||
| http://www.marketwatch.com/story/nfib-small-business-optimism-index-rises-in-april-2013-05-14 | |||||||
| For today’s Market Update Report click to listen-> | |||||||