The KUIK Closing Market Report for Thursday, April 6:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
up
15
points
20,663
7:10 AM
S&P500
up
0.2%
percent
2,367
Nasdaq Composite
up
0.3%
percent
5,379
30 Year Treasury
unchanged
–
basis points
2.99%
Annual Yield
The weakness of car and truck sales during March is getting some observers worried about the prospect of a continued downturn for the auto sector. Car sales fell in March to a two-year low. There are worries about “bloated” inventories, which have driven down used-car prices, as well signs of stress in the auto-financing market. A slowing in auto prices & sales would make it challenging for core inflation to reach the Fed’s 2% target by the end of this year.
Serving the West Side first I am Mike Elerath of BR Capital for 1360 KUIK.
