| The KUIK Morning Market Report for Tuesday, May 6: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (79) | points | 16,451 | 6:58 AM | ||
| S&P500 | Down | -0.4% | percent | 1,878 | (6.85) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,126 | (12.38) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.40 | Annual Yield | ||
| The U.S. trade deficit fell 3.6% to $40.4 billion in March as the nation boosted exports of gas, oil and commercial aircraft, according to the Commerce Department. Economists forecast a deficit of $40.0 billion. U.S. exports climbed 2.2% – the biggest increase since June – to $193.9 billion. Imports rose a slower 1.7% to $234.3 billion. | |||||||
| Corelogic reports U.S. home prices grew 1.4% in March to take the year-over-year gain to 11.1%. That’s the 25th straight annual advance. CoreLogic is forecasting a 0.8% monthly rise in April, and it expects prices in March 2015 to be 6.7% higher than March 2014. | |||||||
| Twitter is a big decliner among tech stocks this morning, as the social-networking company’s shares are down more than 9% to $35.18. Almost 500 million shares of Twitter stock held by company insiders and investors became available for sale. Declines ruled across the tech sector, with losses also coming from Hewlett-Packard, Microsoft, and Facebook. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-drops-36-in-march-to-404-billion-2014-05-06 | |||||||
| http://www.marketwatch.com/story/us-home-prices-climb-14-in-march-corelogic-2014-05-06 | |||||||
| http://www.marketwatch.com/story/twitter-losses-lead-declines-in-tech-stocks-2014-05-06?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||