The KUIK Market Update for Monday, May 6: |
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Markets are mixed this morning. |
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Index |
Direction |
Change |
Units |
Last |
Time |
Change |
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Dow |
Up |
26 |
points |
14,948 |
8:05 AM |
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S&P500 |
Up |
0.02% |
percent |
1,615 |
|
0.33 |
points |
Nasdaq Composite |
Up |
0.18% |
percent |
3,385 |
|
6.17 |
points |
30 Year Treasury |
Down |
(0) |
Basis Points |
2.96 |
Annual Yield |
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Intel was upgraded by RBC Capital to outperform from sector perform, which cited the chip giant’s potential in mobile and the “all-time low sentiment in PCs.” Shares of Intel rose about 1% to $24.15 at the opening bell. Last week, Intel named Brian Krzanich as its new chief executive officer. |
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Changes to the mortgage markets are coming. The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac won’t be able to buy interest-only loans, loans with 40-year terms, or those with points and fees in excess of the thresholds established by the Consumer Financial Protection Bureau’s “qualified mortgage” rule. The changes take effect January 10, 2014. |
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Crude-oil futures inched lower, pulling back after last week’s nearly 3% gain but finding support on Middle East violence. June Crude fell 0.4%, to $95.28 a barrel on the New York Merc. |
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Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. |
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http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-29828/ |
http://www.marketwatch.com/story/fhfa-to-limit-fannie-freddie-to-qualified-loans-2013-05-06 |
http://www.marketwatch.com/story/oil-prices-extend-rally-trade-above-96-2013-05-06 |
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