| The KUIK Morning Market Report for Tuesday, March 5: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 104 | points | 14,231 | 6:58 AM | ||
| S&P500 | Up | 0.80% | percent | 1,537 | 12.14 | points | |
| Nasdaq Composite | Up | 0.91% | percent | 3,211 | 29.02 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 3.11 | Annual Yield | ||
| U.S. home prices advanced by 0.7% in January to stretch the year-on-year advance to 9.7%. This is the largest year-on-year gain since April 2006, according to CoreLogic. From the peak, prices nationally have shrunk by 26.4%, or a 19.9% when you take out foreclosures and short sales. All but two states, Delaware and Illinois, are experiencing year-over-year price gains. Arizona led the way with a 20.1% gain. | |||||||
| Marketwatch reports the final reading of the euro-zone composite purchasing-managers’ index, for February was revised up from a preliminary estimate but still indicated the downturn in the 17-nation region increased last month, according to Markit. The final February composite PMI came in at 47.9, up from an initial reading of 47.3 but down from January. Below 50 indicates contraction. | |||||||
| Federal Housing Finance Agency Acting Director Ed DeMarco said Monday that the agency is working on a plan to merge some of the operations of mortgage giants Fannie Mae and Freddie Mac . The plan is that a new venture, separate from the two firms, will operate a secondary mortgage market that will be used by Fannie and Freddie to timeline was given. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-extend-gains-in-january-2013-03-05 | |||||||
| http://www.marketwatch.com/story/euro-zone-final-feb-pmi-shows-deeper-downturn-2013-03-05 | |||||||
| http://www.marketwatch.com/story/regulator-unveils-fannie-freddie-part-merger-plan-2013-03-04 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||