| The KUIK Morning Market Report for Friday, May 9: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (49) | points | 16,502 | 7:05 AM | ||
| S&P500 | Down | -0.4% | percent | 1,868 | (7.65) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,037 | (14.08) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.45 | Annual Yield | ||
| European stocks fell today after a string of disappointing corporate earnings updates. The market fell from a six-year high yesterdaywhen European Central Bank President Mario Draghi hinted at a rate cut next month. The Stoxx Europe 600 index fell 0.3% to 338.40, after closing with a 1.1% gain on Thursday. For the week, the index is on track for a 0.2% gain. | |||||||
| Germany’s exports declined in March and the country’s trade surplus was lower than expected, showing a weakening economic picture. German exports fell 1.8% in March, while imports fell 0.9% according to the Federal Statistics Office. In February, exports fell 1.3%, while imports rose just 0.4%. | |||||||
| Gold futures are up on the day but headed for a loss for the week as bulls struggled to build momentum off turmoil in Ukraine. June gold is up 0.2%, to $1,290.30 an ounce, and July silver is up four cents to $19.18 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-fall-from-six-year-high-2014-05-09 | |||||||
| http://www.marketwatch.com/story/german-exports-fall-as-trade-surplus-disappoints-2014-05-09 | |||||||
| http://www.marketwatch.com/story/gold-heads-for-weekly-loss-2014-05-09?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||