The KUIK Closing Market Report for Tuesday, May 30:
Markets were flat.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(51)
points
21,029
2:51 PM
S&P500
Down
-0.1%
percent
2,413
(2.91)
Nasdaq Composite
Down
-0.1%
percent
6,203
(7.00)
30 Year Treasury
Down
(3)
basis points
2.89
Annual Yield
The Wall Street Journal reports restaurants are hurting as few people go out for lunch and people eat at their desks. Americans made 433 million fewer trips to restaurants at lunchtime last year, resulting in almost $3.2 billion in lost business for restaurants, according to market-research firm NPD Group. It was the lowest level of lunch traffic in at least four decades. The average price of a restaurant lunch is up 19.5% to $7.59 since 2008.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
