| The KUIK Morning Market Report for Monday, April 22: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (18) | points | 14,529 | 6:59 AM | ||
| S&P500 | Up | 0.05% | percent | 1,556 | 0.83 | points | |
| Nasdaq Composite | Up | 0.30% | percent | 3,216 | 9.50 | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 2.87 | Annual Yield | ||
| The U.S. economy ran below trend potential in March, according to the Chicago Fed national activity index . In March, the index swung to -0.23 from an upwardly revised +0.76 in February, and the three-month moving average fell to -0.01 from +0.12. The index weights 85 different economic indicators and is designed so that readings above zero indicate the economy is growing above average historical trends, and readings below zero indicate the economy is running below-average trend growth. When the three-month moving average moves below -0.70,a recession has probably started. | |||||||
| Tech stocks mostly rose in early trading, with gains from Netflix and Microsoft among the standouts. Netflix shares rose 4%, to $171.18 ahead of the online video-streaming company’s quarterly results, due after the market close. Microsoft climbed as much as 4.5% following a CNBC report that said hedge fund ValueAct will disclose a $2 billion stake in the software giant. Apple shares also added almost 1%, to reach $393.11 after being upgraded to buy by analysts at BGC Partners and Avondale Research. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-below-trend-in-march-index-shows-2013-04-22 | |||||||
| http://www.marketwatch.com/story/netflix-microsoft-pace-early-tech-gains-2013-04-22 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||