| The KUIK Market Update for Tuesday, May 5: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (75) | points | 17,995 | 8:14 AM | ||
| S&P500 | Down | -0.6% | percent | 2,101 | (13.08) | ||
| Nasdaq Composite | Down | -1.1% | percent | 4,962 | (54.92) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.92 | Annual Yield | ||
| Services activity accelerated in April to a stronger-than-forecast reading, according to the Institute for Supply Management. The ISM services index rose to 57.8% from 56.5% in March, topping the 56.5% estimate by economists. The business activity climbed 4.1 points, while new export orders fell by 10.5. Ahead of key jobs data coming out on Friday, the employment index is up slightly. | |||||||
| Greece’s debt crisis is back in the news, as the anti-austerity government continues bailout talks with its lenders. Athens is facing a 750-million-euro ($832 million) debt repayment to the International Monetary Fund next week. | |||||||
| Home prices nationwide, including distressed sales, increased by 5.9% in March 2015 compared with March 2014, according to the latest home price data from CoreLogic. That’s 37 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased by 2%. 27 states are within 10% of their peaks and seven states are at new highs. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/ism-services-index-shows-stronger-than-forecast-gain-for-april-2015-05-05 | |||||||
| http://www.marketwatch.com/story/jitters-over-greece-cap-gains-in-european-stocks-2015-05-05 | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-leaps-43-in-march-to-highest-level-since-1996-2015-05-05 | |||||||
| For today’s Market Update Report click to listen-> | |||||||