| The KUIK Morning Market Report for Tuesday, February 26: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 96 | points | 13,881 | 7:03 AM | ||
| S&P500 | Up | 0.64% | percent | 1,497 | 9.47 | points | |
| Nasdaq Composite | Up | 0.50% | percent | 3,132 | 15.54 | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 3.07 | Annual Yield | ||
| U.S. home prices rose in December, as 2012 saw the best improvement in seven years, according to the S&P/Case-Shiller 20-city composite index. It posted a 0.2% increase in December, following a 0.1% decline in November. After seasonal adjustment, home prices rose 0.9% in December. | |||||||
| J.P. Morgan Chase will cut staff by 4,000 as part of its plan to reduce expenses in 2013, according to a presentation by the firm. The cuts were presented during the firm’s annual Investor Day conference held in New York on Tuesday. J.P. Morgan also plans to cut expenses by $1 billion in 2013. | |||||||
| Treasury prices edged lower, pushing yields higher, as the market looked past Italy ahead of the Federal Reserve chairman’s testimony to Congress on monetary policy. Fed chief Ben Bernanke will deliver semi-annual testimony to the Senate Banking Committee starting at 7 am Pacific time. | |||||||
| Italian stocks extended losses in midmorning action on Tuesday, after borrowing costs at an Italian Treasury bill sale surged in the wake of inconclusive parliamentary elections on the country. With most votes counted from the general elections, neither the center-left wing nor the center-right wing had a majority in the upper house, spiking fears that a new government will struggle to pass new legislation. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/annual-home-price-gain-best-in-seven-years-2013-02-26 | |||||||
| http://www.marketwatch.com/story/jp-morgan-will-cut-4000-jobs-in-2013-2013-02-26 | |||||||
| http://www.marketwatch.com/story/treasurys-slip-ahead-of-bernanke-testimony-2013-02-26?link=MW_Nav_MA | |||||||
| http://www.marketwatch.com/story/italian-stocks-extend-losses-after-t-bill-auction-2013-02-26 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||