| This is Bill Roller of BR Capital with the KUIK Morning Market Report for Wednesday, July 25. | |||||||
| Markets are mixed this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Up | 23 | points | 12,640 | 8:02 AM | ||
| S&P500 | Down | -0.42% | percent | 1,333 | |||
| Nasdaq Composite | Down | -0.71% | percent | 2,843 | |||
| 30 Year Treasury | Down | (0.6) | basis points | 2.46 | |||
| Caterpillar is raising estimates. The maker of construction and mining equipment, raised its full-year earnings forecast on increasing demand from North American builders and overseas miners. Profit will be about $9.60 a share in 2012, up from a previous forecast of $9.50. | |||||||
| Sales of new houses fell 8.4% in June after reaching a two-year high in May, suggesting a slowdown in the economy might be making buyers more cautious. The Commerce Department reported sales declined to an annual rate of 350,000 in June and median prices of new homes fell to the lowest level since January. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-07-25/caterpillar-raises-2012-forecast-as-construction-demand-climbs.html | |||||||
| http://www.marketwatch.com/story/sales-of-new-houses-drop-84-in-june-2012-07-25?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||