| The KUIK Market Update for Monday, July 22: | |||||||
| Markets are up a little. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 5 | points | 15,549 | 8:02 AM | ||
| S&P500 | Up | 0.16% | percent | 1,695 | 2.68 | ||
| Nasdaq Composite | Up | 0.26% | percent | 3,596 | 0.46 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.54 | Annual Yield | ||
| McDonald’s fell in early trading after posting second-quarter profit and revenue that trailed analysts’ estimates and saying economic weakness would hurt results for the remainder of the year. Revenue rose 2.4 percent to $7.08 billion in the quarter, trailing analysts’ average estimate of $7.09 billion. | |||||||
| The National Association of Realtors said June home sales, on a seasonally adjusted basis, fell 1.2% to an annual rate of 5.08 million. This is the second-highest rate since November 2009 from a downwardly revised 5.14 million. Economists expected 5.28 million. Sales are up 15.2% from June 12012, marking the 24th consecutive month of gains on a year-on-year basis. | |||||||
| The U.S. economy improved slightly in June, as the national activity index rose to negative 0.13 from negative 0.29 in May, according to the Chicago Fed. | |||||||
| Gold futures are up on expectations for more demand from China and a decline in the dollar helped push prices up for their first close above $1,300 an ounce in nearly five weeks. August gold climbed 2.6%, to $1,326.50 an ounce on the Comex division of the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2013-07-22/mcdonald-s-falls-as-revenue-trails-estimates.html | |||||||
| http://www.marketwatch.com/story/home-sales-see-slight-drop-in-june-2013-07-22?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/national-activity-index-less-negative-in-june-2013-07-22 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||