Lawd! I am glad this week is over. Have a good weekend!
U.S. Posts Widest Monthly Surplus Since 2008 on Jump in Revenue
The U.S. posted its widest budget surplus in five years in April, swelled by stronger individual and corporate income-tax receipts. The surplus for the month when tax payments are due increased to $112.9 billion, the biggest since April 2008, from $59.1 billion a year earlier. The median forecast in a Bloomberg survey of 24 economists was for an April surplus of $112 billion.
A strengthening economy is helping narrow a U.S. fiscal deficit that has exceeded $1 trillion in each of the past four years and pushed the Treasury Department near its legal borrowing limit. U.S. employers added 1.4 million workers in the October-April period, boosting government revenue and reducing the need to sell debt. For the first seven months of the 2013 financial year that began Oct. 1, the deficit shrank 32 percent to $487.6 billion from the same period from a year before. Today’s report showed revenue rose 28 percent in April from the same month a year earlier, to $406.7 billion. Spending increased 13 percent to $293.8 billion, it showed.
-NASDAQ closes at a 12 year high
-Dow closes at another new high
-S&P 500 closes at another new high
Description | Ticker | Last | CHANGE | % Chg Today | Pct Chg 1Yr |
| | | | | |
STOCK MARKETS | | | | | |
Dow Jones Industrial Average | INDU Index | 15118.490 | 35.8700 | 0.2378 | 17.4847 |
S&P 500 Index | SPX Index | 1633.700 | 7.0300 | 0.4322 | 19.8291 |
S&P 400 Mid Cap Index | MID Index | 1189.930 | 7.2100 | 0.6096 | 22.7070 |
S&P 600 Small Cap Index | SML Index | 466.570 | -2.3100 | -0.4900 | 21.8729 |
NASDAQ 100 Index | NDX Index | 2981.019 | 19.8990 | 0.6720 | 13.8087 |
NASDAQ Composite Index | CCMP Index | 3436.584 | 27.4120 | 0.8041 | 16.8146 |
Russell 3000 Index | RAY Index | 971.750 | 4.7500 | 0.4912 | 20.6318 |
Russell 1000 Index (Large Cap) | RIY Index | 906.920 | 4.1200 | 0.4564 | 20.4774 |
Russell 2000 Index (Small Cap) | RTY Index | 975.160 | 8.9000 | 0.9211 | 22.6069 |
Wilshire 5000 Total Market | W5000 Index | 17259.650 | 89.2900 | 0.5200 | 20.7516 |
TREASURIES | % Yield | | | | |
3 Month Treasury | 0.0406 | | 0.0000 | 0.0000 | |
6 Month Treasury | 0.0761 | | 0.0050 | 7.1429 | |
2 Year Treasury | 0.2287 | 99.781 | -0.0313 | -0.0313 | |
5 Year Treasury | 0.7825 | 99.094 | -0.3047 | -0.3065 | |
10 Year Treasury | 1.8583 | 98.703 | -0.7422 | -0.7463 | |
30 Year Treasury | 3.0573 | 95.844 | -1.5000 | -1.5409 | |
ENERGY | | | | | |
Crude Oil, Brent Index | Brent Crude | 103.730 | -0.7400 | -0.7083 | -4.7065 |
Crude Oil, Louisiana Lt. Sweet | LA Lt Sweet | 103.960 | -1.6800 | -1.5903 | -6.4700 |
Natural Gas, Henry Hub Index | Nat Gas | 3.914 | -0.0690 | -1.7324 | 11.4118 |
PRECIOUS METALS | | | | | |
Spot Gold $/oz | GOLD | 1447.650 | -10.6000 | -0.7269 | -10.5513 |
Spot Silver $/oz | SILVER | 23.848 | 0.1130 | 0.4761 | -19.7299 |
CURRENCIES | | | | | |
Euro | EUR Curncy | 0.770 | 0.0034 | 0.4435 | -0.3880 |
Japanese Yen | JPY Curncy | 101.680 | 1.0900 | 1.0836 | -21.3653 |
British Pound | GBP Curncy | 0.651 | 0.0035 | 0.5407 | 5.0048 |
Swiss Franc | CHF Curncy | 0.957 | 0.0092 | 0.9703 | -2.9676 |
Canadian Dollar | CAD Curncy | 1.011 | 0.0046 | 0.4569 | -1.0954 |
Chinese Renminbi | CNY Curncy | 6.142 | 0.0076 | 0.1239 | 2.8250 |
FOREIGN INDICIES | | | | | |
FTSE 100 INDEX | UK | 6624.980 | 32.2400 | 0.4890 | 19.1219 |
CAC 40 INDEX | FRANCE | 3953.830 | 25.2500 | 0.6427 | 25.7408 |
DAX INDEX | GERMANY | 8278.590 | 16.0400 | 0.1941 | 26.6883 |
NIKKEI 225 INDEX | JAPAN | 14607.540 | 416.0600 | 2.9318 | 62.1322 |
HANG SENG INDEX | HONG KONG | 23321.220 | 109.7400 | 0.4728 | 15.2959 |
U.S. Posts Widest Monthly Surplus Since 2008 on Jump in Revenue
The U.S. posted its widest budget surplus in five years in April, swelled by stronger individual and corporate income-tax receipts. The surplus for the month when tax payments are due increased to $112.9 billion, the biggest since April 2008, from $59.1 billion a year earlier. The median forecast in a Bloomberg survey of 24 economists was for an April surplus of $112 billion.
A strengthening economy is helping narrow a U.S. fiscal deficit that has exceeded $1 trillion in each of the past four years and pushed the Treasury Department near its legal borrowing limit. U.S. employers added 1.4 million workers in the October-April period, boosting government revenue and reducing the need to sell debt. For the first seven months of the 2013 financial year that began Oct. 1, the deficit shrank 32 percent to $487.6 billion from the same period from a year before. Today’s report showed revenue rose 28 percent in April from the same month a year earlier, to $406.7 billion. Spending increased 13 percent to $293.8 billion, it showed.
No comments:
Post a Comment