| The KUIK Morning Market Report for Tuesday, July 9: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Up | 75 | points | 15,300 | 6:52 AM | ||
| S&P500 | Up | 0.53% | percent | 1,649 | |||
| Nasdaq Composite | Up | 0.26% | percent | 3,494 | |||
| 30 Year Treasury | Down | (0) | Basis Points | 3.64 | Annual Yield | ||
| The National Federation of Independent Business’s small-business optimism index fell 0.9 points to 93.5 after two months of gains. The index is 7 points below its pre-2008 average but 12 points above its lowest level during the recession. Six of its ten components fell. | |||||||
| U.S. consumers increased their debt by a seasonally adjusted $19.6 billion in May, up from a $10.9 billion gain in April, mostly due to more consumers using credit cards according to the Federal Reserve. The gain was broad-based and was well above Wall Street expectations of a $12 billion gain. | |||||||
| U.S. home foreclosures dropped sharply over the past year, but inventories of distressed properties remain high in certain states, according to Corelogic More than 50,000 foreclosures were completed in May, up 3.5% from April but down 27% compared with the year-earlier period. Despite the drop, levels remain relatively high. The monthly average of completed foreclosures from 2000 to 2006 was only 21,000. The top three states with foreclosures as a percentage of mortgaged homes are Florida, New Jersey, and New York. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/nfib-small-business-optimism-drops-in-june-2013-07-09 | |||||||
| http://www.marketwatch.com/story/may-consumer-credit-jumps-on-credit-card-use-2013-07-08 | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/07/09/u-s-foreclosures-down-27-over-past-year-corelogic/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||