| The KUIK Morning Market Report for Friday, May 17: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 62 | points | 15,298 | 7:04 AM | ||
| S&P500 | Up | 0.55% | percent | 1,660 | 9.14 | points | |
| Nasdaq Composite | Up | 0.57% | percent | 3,484 | 23.82 | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 3.12 | Annual Yield | ||
| Nordstrom shares fell 2.4% to $59.69 . The department-store operator said late Thursday that its first-quarter profit declined as it lowered estimates for 2014 revenue and same-store sales. | |||||||
| Bank of America Merrill Lynch is bullish on the second quarter. They see growth of 1.8%, up from 1.3% and roughly in line with the consensus, wrote Ethan Harris, the firm’s head of North America economics, in a note to clients | |||||||
| Yesterday the House of Representatives voted to Obamacare–the health-care overhaul law. The House voted 229 to 195 to repeal the measure, with two Democrats voting along with the Republican majority: Mike McIntyre of North Carolina and Jim Matheson of Utah. The measure is expected to meet a death panel in the Democratic controlled Senate. | |||||||
| The Conference Board reported the leading economic index was up 0.6 95.0 in April after falling a downwardly revised 0.2 points in March. Economists polled by MarketWatch expected only a 0.3 increase. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fridays-movers-retailers-slump-on-earnings-2013-05-17?dist=markets | |||||||
| http://blogs.marketwatch.com/thetell/2013/05/17/merrill-lynch-is-no-longer-a-bear-on-the-second-quarter/ | |||||||
| http://blogs.marketwatch.com/health-exchange/2013/05/16/no-surprise-house-opts-to-repeal-obamacare-in-37th-symbolic-vote/ | |||||||
| http://www.marketwatch.com/story/leading-economic-index-up-06-in-april-to-950-2013-05-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||