| The KUIK Market Update for Friday, June 28: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Down | (29) | points | 14,996 | 8:03 AM | ||
| S&P500 | Down | -0.02% | percent | 1,613 | |||
| Nasdaq Composite | Up | 0.19% | percent | 3,408 | |||
| 30 Year Treasury | Down | (0) | Basis Points | 3.55 | Annual Yield | ||
| Consumer sentiment dropped slightly but consumers are still happy. The final June reading of the University of Michigan and Thomson Reuters consumer-sentiment index declined to 84.1 from a final May reading of 84.5. May’s reading was the highest since July 2007. | |||||||
| Growth in Chicago-area manufacturing fell in June, as the Chicago Purchasing Managers Index fell to a 51.6 reading from 58.7 in May, the largest monthly drop in over four years, though economists had noted that May’s reading was unusually strong. Economists polled by MarketWatch expected 55. | |||||||
| Gold pushed back into positive territory, but it is on track to end the quarter with a nearly 24% drop on fears a stronger U.S. economy would continue to push up government bond yields and the U.S. dollar. August gold recovered from a dip below $1,200 an ounce to trade at $1,219, up 0.6% on the New york Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-slips-in-june-2013-06-28 | |||||||
| http://www.marketwatch.com/story/chicago-pmi-cools-in-june-to-below-forecast-level-2013-06-28 | |||||||
| http://www.marketwatch.com/story/gold-barrels-toward-steep-june-quarterly-declines-2013-06-28?link=MW_Nav_MA | |||||||
| For today’s Market Update Report click to listen-> | |||||||