| The KUIK Market Update for Tuesday, April 23: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 129 | points | 14,695 | 7:56 AM | ||
| S&P500 | Up | 0.87% | percent | 1,576 | 13.56 | points | |
| Nasdaq Composite | Up | 1.05% | percent | 3,267 | 33.91 | points | |
| 30 Year Treasury | Up | 0 | Basis Points | 2.88 | Annual Yield | ||
| The composite German purchasing managers’ index fell to a six-month low at 48.8 from 50.6 in March. Below 50 indicates contraction in private-sector output, the first for Germany since November of last year.. | |||||||
| The U.S. Department of Commerce reported that the seasonally adjusted annual rate of new-home sales rose 1.5% to 417,000 in March from 411,000 in February. That was slightly below expectations. Economists polled by MarketWatch expected a rise to 421,000 annualy in March. | |||||||
| The Wall Street Journal reports MF Global Trustee Louis Freeh filed a lawsuit against former Chief Executive Jon Corzine in bankruptcy court. The lawsuit alleges “acts and omissions” against the firm’s officers and says the actions “culminated in the business collapse of the company and the bankruptcies of the debtors.” Corzine, the former Democratic New Jersey governor and CEO of Goldman Sachs, headed MF Global when it collapsed in October 2011. Funds of $1.6 billion were missing at the time of bankruptcy, which the trustee believes will be restored. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://blogs.marketwatch.com/thetell/2013/04/23/now-even-germany-has-fallen-prey-to-the-euro-zone-debt-crisis/ | |||||||
| http://www.marketwatch.com/story/sales-of-new-us-homes-rise-in-march-2013-04-23 | |||||||
| http://www.marketwatch.com/story/mf-global-trustee-sues-former-ceo-corzine-2013-04-23?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||