| The KUIK Market Update for Thursday, May 30: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 63 | points | 15,366 | 7:50 AM | ||
| S&P500 | Up | 0.52% | percent | 1,657 | 8.49 | points | |
| Nasdaq Composite | Up | 0.65% | percent | 3,490 | 23.00 | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 3.26 | Annual Yield | ||
| The Commerce Department reported the economy expanded at an annual rate of 2.4% in the first quarter, down from an initial estimate of 2.5%. Economists polled by Marketwatch expected 2.5%. | |||||||
| The National Association of Realtors reports that pending home sales moved up 0.3% in April. Nationwide, pending home sales are up 10.3% from April 2012. By region, April saw pending home sales rise 11.5% in the Northeast and 3.2% in the Midwest, but fall 7.6% in the West and 1.1% in the South. | |||||||
| The federal government’s Making Home Affordable Program that helps troubled homeowners modify their mortgages is being extended by two years to the end of 2015, it was announced today. As of March, more than 1.1 million homeowners have received a permanent mortgage modification through HAMP. However, HAMP has come under fire for high default rates and fewer-than-expected modifications. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-grew-revised-24-in-first-quarter-2013-05-30 | |||||||
| http://www.marketwatch.com/story/april-pending-home-sales-index-hits-3-year-high-2013-05-30?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/federal-mortgage-modification-program-extended-2013-05-30 | |||||||
| For today’s Market Update Report click to listen-> | |||||||