The KUIK Closing Market Report for Monday, April 3:
Markets started the week down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(13)
points
20,650
2:51 PM
S&P500
Down
-0.2%
percent
2,359
(3.88)
Nasdaq Composite
Down
-0.3%
percent
5,895
(17.06)
30 Year Treasury
Down
(3)
basis points
2.99
Annual Yield
Vehicle sales in March fell to their lowest level in more than two years, hit by factors including the widening price gap between new and used autos as well as rising interest rates and a slowing of the replacement cycle. According to Autodata, vehicle sales ran at a seasonally adjusted annual rate of 16.62 million in March, down from 17.58 million in February. They hit 18.54 million in December and have fallen since with drops in both new car and light truck sales, foreign and domestic.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
