| The KUIK Market Update for Monday, April 14: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 126 | points | 16,153 | 8:00 AM | ||
| S&P500 | Up | 1.0% | percent | 1,834 | 17.92 | ||
| Nasdaq Composite | Up | 1.3% | percent | 4,050 | 49.81 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.49 | Annual Yield | ||
| The Commerce Department reports retail sales rose 1.1% in March, showing the economy is improving after the cold winter weather. This was the largest gain since September 2012. Excluding the 3.1% rise in auto sales retail sales rose 0.7%, the fastest pace since February 2013. Retail sales in February were revised to a 0.7% gain, much stronger than the initial estimate of a 0.3% increase. | |||||||
| The Financial Times reports that Facebook is getting ready to launch financial services, which would let people make payments and store their money using its social network. The company is seeking regulatory approval in Ireland for the service, with a decision several weeks away. Facebook is also developing partnerships with several London based companies which handle online money transfers. Are Facebucks coming soon? | |||||||
| Gold prices are up, heading for their highest close in three weeks on investor worries about the recent declines in stocks and tension in Ukraine. June gold is up 0.6%, to $1,326.60 an ounce on the Comex division of 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/retail-sales-sizzle-in-march-2014-04-14 | |||||||
| http://www.marketwatch.com/story/facebook-looks-for-ok-to-launch-financial-services-ft-2014-04-14?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/gold-rallies-amid-equity-exodus-ukraine-risk-2014-04-14?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||