| The KUIK Market Update for Friday, May 17: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 64 | points | 15,295 | 7:43 AM | ||
| S&P500 | Up | 0.55% | percent | 1,660 | 9.07 | points | |
| Nasdaq Composite | Up | 0.54% | percent | 3,484 | 23.82 | points | |
| 30 Year Treasury | Up | 5 | Basis Points | 3.13 | Annual Yield | ||
| The Conference Board reported the leading economic index was up 0.6 95.0 in April after falling a downwardly revised 0.2 points in March. Economists polled by MarketWatch expected only a 0.3 increase. | |||||||
| The preliminary May reading of the University of Michigan and Thomson Reuters consumer sentiment index jumped to a reading of 83.7, up from 76.4 in April and the best reading since July 2007, according to news reports. Economists polled by MarketWatch expected 77.5. | |||||||
| Yesterday the House of Representatives voted to repeal Obamacare–the health-care overhaul law. The House voted 229 to 195 to repeal the measure, with two Democrats voting along with the Republican majority: Mike McIntyre of North Carolina and Jim Matheson of Utah. The measure is expected to die in the Democratic controlled Senate. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fridays-movers-retailers-slump-on-earnings-2013-05-17?dist=markets | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-perks-to-post-recession-peak-2013-05-17 | |||||||
| http://blogs.marketwatch.com/health-exchange/2013/05/16/no-surprise-house-opts-to-repeal-obamacare-in-37th-symbolic-vote/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||