| The KUIK Morning Market Report for Tuesday, June 4: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 26 | points | 15,281 | 6:56 AM | ||
| S&P500 | Up | 0.30% | percent | 1,645 | 4.93 | points | |
| Nasdaq Composite | Up | 0.34% | percent | 3,478 | 14.10 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 3.30 | Annual Yield | ||
| The U.S. trade deficit with was up 8.5% in April, due to a surge in Chinese imports. The Commerce Department reported the trade gap widened to a seasonally adjusted $40.3 billion from a revised $37.1 billion in March, That was slightly below expectations. Imports increased 2.4% to $227.7 billion, while exports rose a smaller 1.2% to $187.4 billion. | |||||||
| News from the home mortgage market: banks are loosening standards for down payments. The average down payment in purchases with a 30-year fixed rate mortgage dropped to 16.1% nationwide in May from 17.6% two years ago, according to a report released by LendingTree, the online mortgage marketplace. In Mississippi and West Virginia, the average down payments are as low as 12%. | |||||||
| Gold futures fell below $1,400 as the U.S. dollar rose against other currencies. August gold fell1%, to $1,397.40 an ounce on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-climbs-85-in-april-2013-06-04-81034840 | |||||||
| http://www.marketwatch.com/story/banks-loosen-standards-on-down-payments-2013-06-04 | |||||||
| http://www.marketwatch.com/story/gold-futures-slip-but-hold-1400-level-2013-06-04?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||