| The KUIK Morning Market Report for Monday, May 5: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (73) | points | 16,440 | 7:01 AM | ||
| S&P500 | Down | -0.3% | percent | 1,875 | (5.91) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,114 | (9.45) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.37 | Annual Yield | ||
| China’s manufacturing contracted for a fourth month in April. HSBC Holdings Plc and Markit Economics said today their purchasing managers’ index rose to 48.1. That missed the median estimate of 48.4 and the preliminary reading of 48.3. Numbers below 50 indicate contraction. | |||||||
| J.P. Morgan is off 3% to $54.35 as it warns of a challenging trading environment. The bank also said it incurred legal expenses of $347 million in the first quarter. Norway picked Citigroup to manage its sovereign oil wealth fund, passing over J.P. Morgan. The fund is the biggest of its kind in the world, with assets of $865 billion. | |||||||
| European stocks fell as worries about violence in Ukraine and persistently low inflation in the Europe hang over the market. The Stoxx Europe 600 lost 0.8% to 334.98, following last week’s gain of 1.3%. U.K. and Ireland markets were closed Monday for the Early May bank holiday. Germany’s DAX 30 slid 1.4% to 9,426.39.higher | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2014-05-05/u-s-stock-index-futures-decline-as-china-pmi-disappoints.html | |||||||
| http://www.marketwatch.com/story/jp-morgan-falls-on-warning-tyson-slips-on-earnings-2014-05-05?dist=markets | |||||||
| http://www.marketwatch.com/story/europe-stocks-drag-sap-hit-by-executives-departure-2014-05-05 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||