| The KUIK Morning Market Report for Thursday, June 13: | |||||||
| Markets are up slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 16 | points | 15,011 | 6:59 AM | ||
| S&P500 | Up | 0.14% | percent | 1,615 | 2.19 | points | |
| Nasdaq Composite | Up | 0.02% | percent | 3,444 | 1.00 | points | |
| 30 Year Treasury | Down | (3) | Basis Points | 3.34 | Annual Yield | ||
| The Commerce Department reported retail sales rose a seasonally adjusted 0.6% last month. Economists polled by MarketWatch had expected a 0.5% increase. The surge in May was largely driven by auto sales, which generate about one-fifth of all retail spending. Auto companies sold 1.4 million vehicles in May following a disappointing April. Excluding autos, retail sales rose a smaller 0.3%. | |||||||
| The Labor Department reported Initial claims for unemployment-insurance fell 12,000 to 334,000 in the week ended June 8, the lowest level since early May. Economists expected 350,000. | |||||||
| Foreclosures are on the rise again. After hitting a 75-month low in April, U.S. foreclosures rose 2% in May and bank repossessions jumped 11%, according to data from RealtyTrac. The increase comes after five straight months of declines. The good news is that foreclosures are still down 28% for the year, thanks to stronger markets in Arizona, California, Georgia and Michigan. The five worst states are Florida, Nevada, Ohio, Maryland, and South Carolina. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/sales-at-us-retailers-rebound-in-may-2013-06-13 | |||||||
| http://www.marketwatch.com/story/jobless-claims-drop-by-12000-2013-06-13-81035351 | |||||||
| http://www.marketwatch.com/story/5-states-with-highest-foreclosure-rates-2013-06-13 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||