| The KUIK Morning Market Report for Monday, May 12: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 99 | points | 16,683 | 7:23 AM | ||
| S&P500 | Up | 0.8% | percent | 1,893 | 14.91 | ||
| Nasdaq Composite | Up | 1.5% | percent | 4,134 | 61.72 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.48 | Annual Yield | ||
| The U.S. stock market began the week on a positive note as rallies in Asian markets on Monday and deal news boosted investor sentiment. Hillshire Brands agreed to buy Pinnacle Foods for about $4.3 billion. The economic calendar is light on news with the main indexes trading near record levels. | |||||||
| Shares in China rallied as investors cheered Beijing’s blueprint for capital-market reforms aimed at boosting regulatory transparency and widening market access. The Shanghai Composite Index ended up 2.1% at 2053, its biggest daily percentage move since Mar. 21. The index has lost 3% since the start of the year, following a 6.8% drop for all of 2013. | |||||||
| Gold futures are higher Monday, getting a boost on worries about Ukraine after a weekend referendum on the secession of regions in the eastern part of the country has increased tensions between the West and Russia. June gold for June delivery is up 1.1%, to $1,301.70 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-stocks-open-higher-amid-deal-news-2014-05-12?dist=markets | |||||||
| http://www.marketwatch.com/story/china-stocks-rally-2-on-capital-market-reforms-2014-05-12?dist=markets | |||||||
| http://www.marketwatch.com/story/gold-boosted-by-ukraine-tensions-2014-05-12?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||