| The KUIK Market Update for Tuesday, May 19: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (18) | 18281.06 | 18,279 | 7:52 AM | ||
| S&P500 | Up | 0.1% | percent | 2,130 | 1.21 | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,074 | (4.75) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.07 | Annual Yield | ||
| The Commerce Department reports construction starts on new U.S. homes jumped up 20.2% in April to a seasonally adjusted annual rate of 1.14 million. That’s the biggest monthly percentage gain in over 24 years and the highest level since November 2007. Starts for single-family homes rose 16.7% to an annual rate of 733,000, the fastest pace since early 2008, while starts in buildings with at least five units jumped 31.9% to a pace of 389,000. | |||||||
| German economic sentiment hit a five-month low in May suggesting Europe’s largest economy is losing momentum. The ZEW indicator of economic expectations dropped for the second straight month, 41.9 in May down from 53.3 in April and was the lowest since December 2014. Economists expected 48.2. ZEW President Clemens Fuest said the move was prompted by “unexpectedly poor growth figures in the first quarter of 2015 and turmoil in the stock and bond markets.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-surge-20-in-april-2015-05-19 | |||||||
| http://www.marketwatch.com/story/zew-german-economic-sentiment-hits-5-month-low-2015-05-19 | |||||||
| For today’s Market Update Report click to listen-> | |||||||