| The KUIK Morning Market Report for Thursday, May 30: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 75 | points | 15,378 | 7:03 AM | ||
| S&P500 | Up | 0.57% | percent | 1,658 | 9.40 | points | |
| Nasdaq Composite | Up | 0.68% | percent | 3,491 | 23.00 | points | |
| 30 Year Treasury | Down | (0) | Basis Points | 3.27 | 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%. | |||||||
| Japanese stocks dropped today, with the Nikkei Stock Average down more than 5% on heavy selling, amid concerns about market volatility as the dollar slid toward the 100-yen level. The Nikkei ended the session at 13,589 its first close below the 14,000 level since May 2. The sell-off came after last week’s 7.3% selloff for its worst drop inmore than two years. | |||||||
| The federal government’s the Making Home Affordable Program that helps troubled homeowners modify their mortgages is being extended by two years to the end of 2015, it was annournced 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/japan-stocks-dance-lower-in-mostly-weak-asia-2013-05-29 | |||||||
| http://www.marketwatch.com/story/federal-mortgage-modification-program-extended-2013-05-30 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||