| The KUIK Market Update for Monday, April 15: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (68) | points | 14,797 | 8:00 AM | ||
| S&P500 | Down | -0.60% | percent | 1,579 | (9.55) | points | |
| Nasdaq Composite | Down | -0.65% | percent | 3,274 | (21.36) | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 2.91 | Annual Yield | ||
| Chinese economic data released came in weaker than expected, sending stocks lowe. Gross domestic product for the 1st quarter rose 7.7% from 1st quarter of 2012, according to the Chinese National Bureau of Statistics, down from 7.9% in the fourth quarter, and missing projections for 8% in surveys from Dow Jones and Reuters. Industrial production increased 8.9% from a year ago, but below the 10% gain in a Dow Jones forecast. | |||||||
| Confidence of home builders fell in April for a third month, hitting the lowest level in six months. It is hurt by weaker views on present sales of single-family homes and prospective-buyer traffic, according to the National Association of Home Builders/Wells Fargo housing-market index. The overall builder-confidence index decreased to 42 in April from 44 in March. | |||||||
| May crude oil fell $2.92, or 3.2%, to $88.37 a barrel on the New York Merc. If prices close around these levels, that will be the lowest level for a most-active contract since late December according to FactSet. So far in the session, oil low was $88.05. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-economic-data-disappoint-slamming-stocks-2013-04-14 | |||||||
| http://www.marketwatch.com/story/april-home-builder-confidence-lowest-in-six-months-2013-04-15?link=MW_story_latest_news | |||||||
| http://www.marketwatch.com/story/oil-below-89-as-china-data-deepen-demand-worries-2013-04-15?link=MW_Nav_NV | |||||||
| For today’s Market Update Report click to listen-> | |||||||