| The KUIK Market Update for Monday, June 17: | |||||||
| Markets are up strongly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 178 | points | 15,248 | 8:06 AM | ||
| S&P500 | Up | 1.13% | percent | 1,645 | 18.41 | points | |
| Nasdaq Composite | Up | 1.21% | percent | 3,465 | 35.81 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 3.32 | Annual Yield | ||
| The New York Federal Reserve reported that manufacturing improved a little in New York State. The Empire State index improved to 7.8 in June from negative 1.4 in May. Economists expected the index to move to zero. The index tracks overall optimism about business conditions but all of the components were negative. Including new-orders, unfilled orders, and shipments. Labor-market conditions also weakened including number of employees and average workweek. | |||||||
| The National Association of Home Builders/Wells Fargo housing-market index rose to 52 in June. Economists expected only 45. This is the first time the index has been above the key reading of 50 since 2006 indicating that builders are generally optimistic about sales trends. | |||||||
| Crude-oil futures are up as investors worry that violence in Syria could spread to other countries in the Middle East. July crude is up 0.4%, to $98.21 a barrel 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/empire-state-index-turns-higher-in-june-2013-06-17 | |||||||
| http://www.marketwatch.com/story/home-builder-confidence-hits-seven-year-high-2013-06-17?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/crude-futures-lower-after-syria-spurred-surge-2013-06-17 | |||||||
| For today’s Market Update Report click to listen-> | |||||||