| The KUIK Market Update for Wednesday, April 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 53 | points | 18,003 | 8:07 AM | ||
| S&P500 | Up | 0.2% | percent | 2,102 | 5.09 | ||
| Nasdaq Composite | Up | 0.1% | percent | 5,018 | 4.09 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.64 | Annual Yield | ||
| The European Central Bank today increased the amount of money Greek banks can borrow under an emergency lending program to €75.5 billion ($81.2 billion) up from €74 billion last week, and extending a lifeline for the country’s banks as its government negotiates with its creditors over its bailout program. | |||||||
| The National Association of Realtors reports sales of existing homes rose 6.1% in March to a seasonally adjusted annual rate of 5.19 million, the fastest pace in 18 months. Economists expected a rate of 5.08 million for March, up from a slightly revised 4.89 in February. “If such strong results keep up, 2015 could be the best year for used-home sales in almost a decade” said Lawrence Yun, chief economist of the association. | |||||||
| Oil prices turned slightly higher after the Energy Information Administration reported crude inventories rose 5.3 million barrels for the week ended April 17. Analysts polled by Platts forecast 2.6 million barrels. Gasoline supplies were down 2.1 million barrels. June crude is up slightly to $56.76 a barrel on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/ecb-raises-emergency-lending-cap-for-greek-banks-2015-04-22 | |||||||
| http://www.marketwatch.com/story/existing-home-sales-in-march-climbed-the-fastest-in-18-months-2015-04-22?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/oil-turns-higher-as-eia-reports-fall-in-gasoline-stockpiles-2015-04-22 | |||||||
| For today’s Market Update Report click to listen-> | |||||||