| The KUIK Market Update for Monday, July 29: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (32) | points | 15,527 | 8:02 AM | ||
| S&P500 | Down | -0.23% | percent | 1,688 | (3.94) | ||
| Nasdaq Composite | Down | -0.11% | percent | 3,609 | (4.15) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.64 | Annual Yield | ||
| Bloomberg reports Amazon is boosting staff in 17 U.S. warehouses, adding more than 5,000 full-time jobs to meet brisk demand for products sold by the world’s biggest Web retailer. The new hires will join more than 20,000 employees working at Amazon’s more than three dozen U.S. fulfillment centers. Amazon is also hiring 2,000 customer-service staff, including part-time and seasonal workers. The retailer plans to open five more facilities this year, after adding 20 last year. Amazon shares are down $2 to $310.24. | |||||||
| Pending home sales fell 0.4%, though they are up 10.9% from June 2012 levels, according to the National Association of Realtors. The increase in mortgage interest rates that began in May as well as a shortage of invventory, took some of the momentum out of contract activity in June, The NAR forecasts existing home sales near 5 million and 968,000 housing starts this year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2013-07-29/amazon-hiring-5-000-in-warehouses-to-meet-customer-demand.html | |||||||
| http://www.marketwatch.com/story/pending-home-sales-slip-in-june-2013-07-29 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||