Market Update Report 4/21/2014 – Beacon Rock Wealth Advisors

The KUIK Market Update for Monday, April 21:
Markets are up slightly.
Index	Direction	Change	Units	Last	Time	Change
Dow	Up	9.21	points	16,418	7:58 AM
S&P500	Up	0.05%	percent	1,866	0.86
Nasdaq Composite	Down	-0.02%	percent	4,095	(0.71)
30 Year Treasury	Down	(3)	Basis Points	3.49	Annual Yield
Signaling that growth could accelerate in coming months, the Conference Board’s leading economic index rose 0.8% in March, after a 0.5% rise in February. “This is an optimistic report, but the focus will continue to be on whether improvements in the labor market can be sustained, fueling stronger economic performance over the next few months,” said Conference Board economist Ken Goldstein.
The city of Providence, R.I. is suing dozens of banks, exchanges and brokers over high-frequency trading, according to Marketwatch. The lawsuit claims the firms rigged the markets and possibly diverted billions of dollars from buyers and sellers. Bank of America, the New York Stock Exchange, and Virtu Financial are included in the suit.
The National Association for Business Economics survey of 72 economists didn’t find a single respondent who thinks the U.S. economy will contract this year, the fourth-consecutive survey where that’s happened. The NABE polls its members quarterly, and most like Wall Street expect the economy to grow between 2.1% and 3% this year.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/march-leading-indicators-rise-08-2014-04-21-1091413
http://blogs.marketwatch.com/thetell/2014/04/21/high-frequency-traders-are-subpoenaed-and-sued-and-more-banking-reads/
http://on.mktw.net/1mrFJhi
http://blogs.marketwatch.com/capitolreport/2014/04/21/seventy-two-economists-polled-and-exactly-zero-see-economy-contracting-this-year/
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