| The KUIK Market Update for Monday, May 6: | |||||||
| Markets are mixed this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 26 | points | 14,948 | 8:05 AM | ||
| 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 | ||
| 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. | |||||||
| 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. | |||||||
| 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. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| 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 | |||||||
| For today’s Market Update Report click to listen-> | |||||||