The KUIK Closing Market Report for Friday, May 12:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(26)
points
20,893
1:03 PM
S&P500
Down
-0.2%
percent
2,391
(3.57)
Nasdaq Composite
Up
0.1%
percent
6,121
5.27
30 Year Treasury
Down
(5)
basis points
2.99
Annual Yield
The Commerce Department reports business inventories rose 0.2% in March for the fifth straight months of inventory gains. Economists expected a 0.1% gain. Inventories in February were revised slighly lower to a 0.2% gain from the prior estimated 0.3% gain. Business sales were flat in March. The inventory-to-sales ratio remained steady at 1.35.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
