| The KUIK Market Update for Monday, June 3: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 53 | points | 15,168 | 8:03 AM | ||
| S&P500 | Down | -0.09% | percent | 1,629 | (1.39) | points | |
| Nasdaq Composite | Down | -0.48% | percent | 3,439 | (15.85) | points | |
| 30 Year Treasury | Up | 0 | Basis Points | 3.31 | Annual Yield | ||
| The final reading of Markit’s manufacturing purchasing managers index was 52.3 in May from a six-month low of 52.1 in April. Markit said the PMI meant only a modest rate of growth. The initial estimate for May was for 51.9, the lowest read since last October. The May survey paints a downbeat picture of U.S. manufacturing business conditions. | |||||||
| Construction spending rose 0.4% in April to a seasonally adjusted annual rate of $860.8 billion, according to Department of Commerce. Economists polled by MarketWatch expected a rise 1%. Nonresidential construction spending, which includes projects such as health-care facilities, rose 0.7%, while residential construction spending fell 0.2%. | |||||||
| Microsoft CEO Steve Ballmer is considering a major restructuring that could transform the software giant into a devices and services company according to the AllThingsD tech-news website. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/final-us-may-manufacturing-pmi-rises-to-523-2013-06-03 | |||||||
| http://www.marketwatch.com/story/construction-spending-rises-04-in-april-2013-06-03 | |||||||
| http://www.marketwatch.com/story/microsoft-planning-major-restructuring-report-2013-06-03?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||