| The KUIK Market Update for Monday, June 15: | |||||||
| Markets are down but up from their lows. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (126) | points | 17,772 | 8:10 AM | ||
| S&P500 | Down | -0.5% | percent | 2,084 | (9.71) | ||
| Nasdaq Composite | Down | -0.7% | percent | 5,018 | (33.10) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.07 | Annual Yield | ||
| European stock markets slumped on Monday as fears of a Greek default increased after talks between Athens and its lenders broke down on Sunday night. Greece’s Athex Composite Index fell 5% to 736.66, setting it on track for the lowest close since April. The Stoxx Europe 600 index fell 1.2% to 384.87, adding to 0.9% decline from Friday. Shares of Greek banks were among the worst performers, with National Bank of Greece down 11%. | |||||||
| Eurpean finance ministers will meet on Thursday for the last chance to strike a deal before Greece needs to repay 1.6 billion euros ($1.80 billion) to the International Monetary Fund on June 30 which is also when the country’s current bailout program expires. | |||||||
| Confidence among home builders rose five points to 59 in June, hitting a nine-month high, according to National Association of Home Builders/Wells Fargo. Economists expected 55. Readings above 50 signal that home-construction companies are optimistic about sales trends, and June marks the 12th consecutive month above 50. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-slammed-by-greek-deal-impasse-2015-06-15 | |||||||
| http://www.marketwatch.com/story/european-stocks-slammed-by-greek-deal-impasse-2015-06-15 | |||||||
| http://www.marketwatch.com/story/home-builder-confidence-rises-to-nine-month-high-in-june-2015-06-15?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||