The KUIK Morning Market Report for Tuesday, March 26: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Last |
Time |
Change |
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Dow |
Up |
94 |
points |
14,541 |
6:58 AM |
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S&P500 |
Up |
0.57% |
percent |
1,561 |
|
8.91 |
points |
Nasdaq Composite |
Up |
0.47% |
percent |
3,250 |
|
15.08 |
points |
30 Year Treasury |
Up |
3 |
Basis Points |
3.17 |
Annual Yield |
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|
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The Commerce Department reports durable-goods orders climbed 5.7% last month to a seasonally adjusted $232.1 billion after a revised 3.8% drop in January. Economists polled by MarketWatch forecast a 4.6% gain, largely because of a snapback in bookings for Boeing commercial jets. Orders outside of transportation fell 0.5% to mark the first decline in six months. with mst of the decrease was concentrated in fabricated metals (-4.4%), heavy machinery (-2.2%) and network-communications equipment (-7.6%). |
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The S&P/Case-Shiller 20-city composite index nudged up 0.1% to take the year-on-year gain to 8.1%. The level is the highest since Sept. 2010, and the growth rate is the strongest since June 2006. Prices rose by 1% in January on a seasonally adjusted basis. |
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The good news on durable goods pushed up oil prices. May crude rose 85 cents, or nearly 1%, to $95.67 a barrel on the New York Merc after tapping a high above $95. Yesterday, crude settled at $94.81, which was the highest since Feb. 20 and on top of a $1.26 advance on Friday. |
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Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. |
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http://www.marketwatch.com/story/orders-for-big-ticket-us-goods-jump-57-2013-03-26 |
http://www.marketwatch.com/story/us-home-price-growth-at-six-year-high-2013-03-26 |
http://www.marketwatch.com/story/oil-prices-higher-after-durable-goods-data-2013-03-26 |
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For today’s Morning Market Report click to listen-> |
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