| The KUIK Morning Market Report for Wednesday, April 24: | |||||||
| Markets are flat | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (8) | points | 14,711 | 7:01 AM | ||
| S&P500 | Up | 0.11% | percent | 1,581 | 1.74 | points | |
| Nasdaq Composite | Up | 0.02% | percent | 3,270 | 0.63 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 2.90 | Annual Yield | ||
| The Commerce Department reports orders for durable goods fell 5.7% last in March for the biggest drop since last August. conomists surveyed by MarketWatch expected only a 3.2% drop. Commercial aircraft had a 48% drop in new orders. Boeing had 39 orders for new aircraft in March, down from 179 in February. Orders for new autos and parts, a strong segment over the past few years, edged up 0.2%. Excluding transportatio, orders fell a smaller 1.4% but the softness was widespread. Demand fell for primary metals, heavy machinery, electrical equipment and appliances. Only computers and communications equipment saw an increase. | |||||||
| Apple reported earnings after the close yesterday. It had an 18% drop in earnings for its second fiscal quarter, though the results came in slightly ahead of Wall Street’s estimates. For the period ended March 30, Apple reported net income of $9.5 billion, or $10.09 per share, compared to net income of $11.6 billion, or $12.30 per share, for the same period last year. Apple is trading at $406.55. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/durable-goods-orders-sink-57-in-march-2013-04-24 | |||||||
| http://www.marketwatch.com/story/apple-earnings-fall-narrowly-beat-street-views-2013-04-23?dist=afterbell | |||||||
| For today’s Morning Market Report click to listen-> | |||||||