| The KUIK Market Update for Friday, April 10: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 58 | points | 18,017 | 8:02 AM | ||
| S&P500 | Up | 0.4% | percent | 2,099 | 7.54 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,987 | 12.39 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.57 | Annual Yield | ||
| General Electric is getting out of the banking business as Chief Executive Officer Jeffrey Immelt refocuses the company on its industrial roots.. GE announced today that it will sell most of the assets of GE Capital Real Estate for $26.5 billion to investment funds managed by Blackstone Group with some of the loans going to Wells Fargo. This move follows the initial public offering of Synchrony Financial GE Capital’s consumer finance unit, in August. GE holds 85% of Synchrony’s stock, but plans to complete its full exit from the business through a tax-free spinoff by the end of 2015. | |||||||
| The Commerce Department reports the prices Americans paid for imported goods fell in March, reflecting in part the stronger dollar that makes foreign goods cheaper. The import price index declined by a seasonally adjusted 0.3% , higher than the 0.2% increase expected by economists. Excluding fuel, import prices dropped 0.4% last month. The price of U.S.-made goods exported to other nations edged up 0.1% in March. For the past 12 months import prices have dropped 10.5%, mainly because of sharply lower oil costs. Import prices are down 1.9% excluding fuel during the same span. That’s the biggest year-over-year drop since fall 2009. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/gartner-expects-global-it-spending-to-shrink-13-in-2015-2015-04-09 | |||||||
| http://www.marketwatch.com/story/us-import-prices-decline-03-in-march-reflect-strong-dollar-2015-04-10 | |||||||
| For today’s Market Update Report click to listen-> | |||||||