| The KUIK Market Update for Monday, May 12: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 88 | points | 16,672 | 7:53 AM | ||
| S&P500 | Up | 0.7% | percent | 1,892 | 13.16 | ||
| Nasdaq Composite | Up | 1.4% | percent | 4,129 | 56.95 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.49 | Annual Yield | ||
| The U.S. stock market began the week on a positive note as rallies in Asian markets on Monday and deal news boosted investor sentiment. Hillshire Brands agreed to buy Pinnacle Foods for about $4.3 billion. The economic calendar is light on news with the main indexes trading near record levels. | |||||||
| Shares in China rallied as investors cheered Beijing’s blueprint for capital-market reforms aimed at boosting regulatory transparency and widening market access. The Shanghai Composite Index ended up 2.1% at 2053, its biggest daily percentage move since Mar. 21. The index has lost 3% since the start of the year, following a 6.8% drop for all of 2013. | |||||||
| Oil futures are looking for their first session gain in three on continued uncertainty in Ukraine. New that Saudi Arabia has said it could step in to make up for any shortages resulting from the turmoil kept the price rise in check. June crude is up 0.7%, to $100.69 a barrel on the New York Merc. Prices have fallen 0.8% over the past two trading sessions. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-stocks-open-higher-amid-deal-news-2014-05-12?dist=markets | |||||||
| http://www.marketwatch.com/story/china-stocks-rally-2-on-capital-market-reforms-2014-05-12?dist=markets | |||||||
| http://www.marketwatch.com/story/oil-edges-above-100-on-ukraine-worries-2014-05-12?link=MW_Nav_NV | |||||||
| For today’s Market Update Report click to listen-> | |||||||