| The KUIK Market Update for Tuesday, May 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 204 | points | 15,508 | 7:48 AM | ||
| S&P500 | Up | 1.31% | percent | 1,671 | 21.67 | points | |
| Nasdaq Composite | Up | 1.37% | percent | 3,507 | 50.00 | points | |
| 30 Year Treasury | Up | 8 | Basis Points | 3.25 | Annual Yield | ||
| Home prices are up. The S&P/Case-Shiller 20-city composite rose 1.4% in March, the largest monthly gain since July. The growth from March of 2012 was 10.9%, the highest year-on-year growth rate since April 2006. On a seasonally adjusted basis, prices rose 1.1% in March. Despite recent gains, prices remain about 28% below their 2006 peak. | |||||||
| Marketwatch reports that the increasing output of shale oil in the US is deepening fault lines within the Organization of the Petroleum Exporting Countries, limiting its ability to mount a response. African OPEC members such as Algeria and Nigeria who produce oil of a similar grade to shale oil are suffering the worst effects from the North American oil boom. | |||||||
| The U.S. consumer confidence index climbed to a five-year high of 76.2 in May from an upwardly revised 69.0 in April, according to the Conference Board. The increase beat the forecast of economists polled by MarketWatch, the expected 72.3. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-price-growth-fastest-in-nearly-7-years-2013-05-28 | |||||||
| http://www.marketwatch.com/story/us-oil-boom-divides-opec-2013-05-28 | |||||||
| http://www.marketwatch.com/story/americans-most-confident-in-five-years-2013-05-28?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||