| The KUIK Market Update for Tuesday, June 11: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (76) | points | 15,163 | 7:44 AM | ||
| S&P500 | Down | -0.63% | percent | 1,632 | (10.36) | points | |
| Nasdaq Composite | Down | -0.60% | percent | 3,453 | (30.00) | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 3.36 | Annual Yield | ||
| Small-business sentiment rose in May to the highest level in a year. The National Federation of Independent Business said its small-business optimism index rose 2.3 points to 94.4 in May, which also is the second-highest level since the recession. Of the 10 components, 8 rose, led by a 10-point jump in the “expect economy to improve” category, which still is a net negative 5%. When asked the top business problem, 24% cited taxes, 23% said regulations and red tape, 16% said weak sales and 2% said financing or access to credit. | |||||||
| Oil futures dropped following a downbeat monthly forecast from the Organization of Petroleum Exporting Countries OPEC. July crude 1.7%, to $94.22 a barrel on the New York Merc. The latest OPEC report predicted that global oil demand would increase by 900,000 barrels per day in 2013’s second half. That’s an improvement from an increase of 700,000 barrels per day in this year’s first half. However, risks are skewed toward the downside,” the report said due to the weak economic outlook for Europe and any setbacks in the U.S. economic recovery. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/nfib-small-business-optimism-hits-one-year-peak-2013-06-11 | |||||||
| http://www.marketwatch.com/story/oil-adds-to-losses-ahead-of-opec-doe-reports-2013-06-11?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||