Morning Market Report 6/13/2013

The KUIK Morning Market Report for Thursday, June 13:
Markets are up slightly.
Index Direction Change Units Last Time Change
Dow Up                       16 points             15,011 6:59 AM
S&P500 Up 0.14% percent               1,615               2.19 points
Nasdaq Composite Up 0.02% percent               3,444               1.00 points
30 Year Treasury Down                      (3) Basis Points               3.34 Annual Yield
The Commerce Department reported retail sales rose a seasonally adjusted 0.6% last month. Economists polled by MarketWatch had expected a 0.5% increase.  The surge in May was largely driven by auto sales, which generate about one-fifth of all retail spending. Auto companies sold 1.4 million vehicles in May following a disappointing April. Excluding autos, retail sales rose a smaller 0.3%.
The Labor Department reported Initial claims for unemployment-insurance fell 12,000 to 334,000 in the week ended June 8, the lowest level since early May. Economists expected 350,000.
Foreclosures are on the rise again. After hitting a 75-month low in April, U.S. foreclosures rose 2% in May and bank repossessions jumped 11%, according to data from  RealtyTrac. The   increase comes after five straight months of declines. The good news is   that  foreclosures are still down 28%  for the year, thanks to stronger markets in Arizona, California, Georgia and   Michigan.  The five worst states are   Florida, Nevada, Ohio, Maryland, and South Carolina.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/sales-at-us-retailers-rebound-in-may-2013-06-13
http://www.marketwatch.com/story/jobless-claims-drop-by-12000-2013-06-13-81035351
http://www.marketwatch.com/story/5-states-with-highest-foreclosure-rates-2013-06-13
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