| The KUIK Morning Market Report for Friday, May 31: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (2) | points | 15,326 | 7:01 AM | ||
| S&P500 | Down | -0.07% | percent | 1,653 | (1.24) | points | |
| Nasdaq Composite | Down | -0.03% | percent | 3,490 | (1.01) | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 3.30 | Annual Yield | ||
| The Chicago Purchasing Managers Index surged to a reading of 58.7 in May, up from 49.0 in April. This is the best reading in over a year, just a month April’s worst reading in three-and-a-half years. Economists polled by MarketWatch expected 49.9. The rebound included a surge in production, order backlogs, employment and supplier deliveries from contraction to expansion. The Institute for Supply Management in Milwaukee said its regional index tumbled to 40.7 from 48.4 in April.Above 50 indicates expansion. | |||||||
| The Commerce Department reported consumer spending fell a seasonally adjusted 0.2% last month,. Economists expected a 0.1% decrease | |||||||
| The Nikkei Stock Average finsished up 1.4% to 13,774 the day after it dropped 5.2%. But the indext ended down 0.6% in May, after rising in each of the past nine months. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chicago-pmi-surges-past-expectations-2013-05-31 | |||||||
| http://www.marketwatch.com/story/us-consumers-reduce-spending-in-april-2013-05-31 | |||||||
| http://www.marketwatch.com/story/japan-stocks-rebound-after-sell-off-leading-asia-2013-05-30 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||