| The KUIK Morning Market Report for Wednesday, May 28: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (34) | points | 16,642 | 6:58 AM | ||
| S&P500 | Down | -0.1% | percent | 1,911 | (0.99) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,227 | (9.65) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 3.32 | Annual Yield | ||
| Nuclear subs surfaced in a big way in the April durable-goods report. A record Navy construction contract powered a 0.8% gain in durable-goods orders last month when Wall Street expected 0.8% drop. In April, the Navy signed a $17.6 billion contract for 10 nuclear-powered attack submarines. Contractors General Dynamics Electric Boat and Huntington Ingalls Newport News Shipbuilding will handle construction. | |||||||
| Yield on the 10-year treasury, which falls as prices rise, fell 5 basis points to 2.468%, is on track for its lowest close since late June, according to Tradeweb. The benchmark yield has dropped sharply in recent weeks on worries about global economic growth, central bank monetary policies, and large debt . | |||||||
| Gold fell to its lowest level since February. June gold fell 0.2%, to $1,263.30 an ounce, not rebounding from a 2% drop yesterday. July silver is off 0.1%, to $19.05 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/05/27/this-one-order-made-durable-goods-bookings-grow-in-april/ | |||||||
| http://www.marketwatch.com/story/gold-finds-no-bounce-from-february-lows-2014-05-28?dist=markets | |||||||
| http://www.marketwatch.com/story/10-year-treasury-yield-sinks-to-lowest-in-11-months-2014-05-28?link=MW_story_latest_news | |||||||
| For today’s Morning Market Report click to listen-> | |||||||