Market Update Report 1/29/2013

The KUIK Market Update for Tuesday, January 29:
Markets are mixed.
Index Direction Change Units Last Time Change
Dow Up                     36 points             13,918 7:50 AM
S&P500 Up 0.1% percent               1,502               1.76 points
Nasdaq Composite Down -0.4% percent               3,143             (10.96) points
30 Year Treasury Down                      (1) Basis Points               3.14 Annual Yield
Marketwatch reports The Federal Reserve is going to maintain its monetary policy of aggressive easing at the end of its two-day meeting Wednesday, and will keep it in place until there are signs of a broad-based expansion.
Home prices declined in November on seasonal weakness, with 10 of 20 cities seeing lower prices in the month, according to the S&P/Case-Shiller home-price index. The 20-city composite dropped a non-seasonally adjusted 0.1% in November and followed 0.2% decline in October.
The Conference Board’s index of consumer confidence decreased to 58.6, the weakest since November 2011, from a revised 66.7 in December.  The January reading was lower than the most pessimistic forecast in a Bloomberg survey, which had a median estimate of 64.
People in the U.S. illegally would be eligible for citizenship under a bipartisan plan to reform immigration policy unveiled today.  The Senate plan creates a path to citizenship for the estimated 11 million people now in the country illegally. Citizenship would be contingent, however, on securing U.S. borders and setting up a new system for tracking whether legal U.S. visa holders leave on time.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/fed-to-press-ahead-with-bond-buying-2013-01-29
http://www.marketwatch.com/story/home-prices-decline-in-november-case-shiller-says-2013-01-29
http://www.bloomberg.com/news/2013-01-29/u-s-stock-futures-little-changed-before-confidence-data.html
http://www.marketwatch.com/story/senate-plan-overhauls-immigration-system-2013-01-28?link=MW_story_insert
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Market-Update-Report.mp3