| The KUIK Market Update for Friday, May 30: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (23) | points | 16,675 | 7:52 AM | ||
| S&P500 | Up | 0.0% | percent | 1,920 | 0.43 | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,246 | (2.32) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.32 | Annual Yield | ||
| The University of Michigan Thomson Reuters consumer-sentiment index fell to a final May reading of 81.9 down from April’s a final 84.1, economists expected May at 82.5. Consumers’ views on current conditions fell as well as their economic expectations. | |||||||
| The Chicago Purchasing Managers Index accelerated in May to 65.5 up from 63.0 in April, and beating the consensus of 62.1. It is at the highest level since October. Order-backlogs rose to a three-year while new orders rose slightly. | |||||||
| The U.K.’s Office for National Statistics said yesterday that changes coming in September to the methods is uses to calculate British Gross Domestic Product will increase the size of the 2009 British economy by 2.3%, or some 33 billion pounds ($55 billion). It estimates that 10 billion pounds of the increase will come from illegal activities including the import, production and sale of outlawed drugs, and around 5.3 billion pounds from prostitution. It estimated the contribution of drugs and prostitution by examining data from the police and surveys of users. Governments are looking for growth in all the wrong places. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumers-growing-more-concerned-about-the-economy-2014-05-30 | |||||||
| http://www.marketwatch.com/story/chicago-pmi-accelerates-in-may-2014-05-30 | |||||||
| http://www.marketwatch.com/story/drugs-prostitution-add-gbp10-billion-to-uk-gdp-2014-05-29?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||