| The KUIK Morning Market Report for Tuesday, May 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 26 | points | 16,722 | 6:58 AM | ||
| S&P500 | Up | 0.1% | percent | 1,898 | 1.42 | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,141 | (2.85) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.46 | Annual Yield | ||
| Small-business sentiment is up according to the National Federation of Independent Business. Its small-business optimism index rose 1.8 points to 95.2, the first time it’s surpassed the 95 level since Oct. 2007. There were gains in seven of the 10 components, including a 9-point jump in those who expect the economy to improve. But NFIB Chief Economist Bill Dunkelberg said the reading “can only be characterized as a high-end recession reading.” The single-most important problem according to respondents, at 22%, was taxes, followed by government regulations and red tape at 20%, and poor sales at 15%. | |||||||
| The Commerce Department reports sales at retailers rose just 0.1% in April. Economists polled by MarketWatch expected a seasonally adjusted 0.4% increase. Consumer spending is the chief source of U.S. economic activity and retail sales account for about one-third of the purchases. However sales in March were revised up to 1.5% from 1.1%, for the biggest gain in four years. February sales were also slightly higher than originally reported. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/05/13/small-business-sentiment-climbs-in-may-to-more-than-six-year-high/ | |||||||
| http://www.marketwatch.com/story/sales-at-us-retailers-barely-rise-in-april-2014-05-13 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||