| The KUIK Morning Market Report for Tuesday, May 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 178 | points | 15,481 | 7:00 AM | ||
| S&P500 | Up | 1.29% | percent | 1,671 | 21.29 | points | |
| Nasdaq Composite | Up | 1.47% | percent | 3,509 | 50.00 | points | |
| 30 Year Treasury | Up | 4 | Basis Points | 3.22 | 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 rising American output of shale oil is rewriting global trade patterns and deepening fault lines within the Organization of the Petroleum Exporting Countries, limiting its ability to mount a collective response. African OPEC members such as Algeria and Nigeria — which produce oil of similar grade to shale oil — are suffering the worst effects from the North American oil boom | |||||||
| August Gold lost 0.4%, to $1,382.50 an ounce on the Comex division of the New York Merc. Analysts at J.P. Morgan cut the 2013 outlook for the yellow metal to $1,595 an ounce down from $1,745. | |||||||
| 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/gold-prices-seesaw-as-dollar-rises-2013-05-28 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||