| The KUIK Market Update for Tuesday, November 27: | |||||||
| Markets opened down this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (52) | points | 12,915 | 7:38 AM | ||
| S&P500 | Down | -0.4% | percent | 1,401 | (4.94) | points | |
| Nasdaq Composite | Down | -0.3% | percent | 2,969 | (8.17) | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 2.79 | Annual Yield | ||
| U.S. home prices rose in September for the sixth straight month, showing that the housing market is recovering according to the S&P/Case-Shiller home-price index. The 20-city composite posted a 0.3% increase in September to reach the highest level in two years, following a 0.8% gain in August. Home prices are up 3% from September 2011. | |||||||
| The Organization for Economic Cooperation and Development warns of a “hesitant and uneven recovery over the coming two years,” saying it expects global growth of 1.4% this year and next. “The world economy is far from being out of the woods,” said OECD Secretary-General Angel Gurría, in a press release as the group released its Economic Outlook. “The U.S. ‘fiscal cliff,’ if it materializes, could tip an already weak economy into recession, while failure to solve the euro-area crisis could lead to a major financial shock and global downturn.” Gross domestic product across the OECD could rise to 2.3% for 2014, according to the projections. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-housing-in-midst-of-recovery-case-shiller-2012-11-27 | |||||||
| http://www.marketwatch.com/story/oecd-fiscal-cliff-failure-could-trigger-recession-2012-11-27 | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||
| Shortlink-> | |||||||