| The KUIK Market Update for Friday, May 24: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (67) | points | 15,227 | 7:48 AM | ||
| S&P500 | Down | -0.7% | percent | 1,640 | (10.76) | points | |
| Nasdaq Composite | Down | -0.6% | percent | 3,441 | (20.00) | points | |
| 30 Year Treasury | Down | (4) | Basis Points | 3.16 | Annual Yield | ||
| The Commerce Department reports orders for durable goods rose 3.3% in April to a seasonally adjusted $222.6 billion after a revised 5.9% drop in March. Economists polled by MarketWatch expected a 1.4% increase. If we leave out the volatile transportation sector, orders rose a smaller 1.3% but demand was still broad based. Almost every sector reported higher orders. | |||||||
| Business confidence in Germany rose more than expected in May, with the Ifo business-climate index climbing to 105.7 points from 104.4 in April, German stocks moved slightly higher after the data, with the DAX 30 index up 0.2%. | |||||||
| European aircraft company Airbus announced today it has booked orders valued at $9.67 billion for 100 of its medium-haul, single aisle A320 aircraft from two Chinese airlines: Air China and its subsidiary Shenzhen Airlines. A spokesman for Airbus said Air China is taking 60 of the planes and Shenzhen the remaining 40. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/durable-goods-orders-snap-back-in-april-2013-05-24 | |||||||
| http://www.marketwatch.com/story/german-business-confidence-rises-in-may-reports-2013-05-24 | |||||||
| http://www.marketwatch.com/story/airbus-books-967b-chinese-orders-for-a320-planes-2013-05-24 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||