| The KUIK Market Update for Tuesday, August 27: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (119) | points | 14,829 | 8:00 AM | ||
| S&P500 | Down | -0.85% | percent | 1,643 | (14.14) | ||
| Nasdaq Composite | Down | -1.09% | percent | 3,618 | (40.05) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.75 | Annual Yield | ||
| December gold jumped .9%, to $1,419 an ounce on the Comex division of the New York Merc on fears over possible U.S. military action against Syria drew investors to safety. Gold is now up over 20% from the lows reached in late June, putting it into a bull market but gold prices are still down more than 15% this year to date. | |||||||
| U.S. home prices increased 2.2% in June, down from 2.5% in May, according to the S&P/Case-Shiller Index. Annual home-price growth hit 12.1% in June, down from 12.2% in May, when prices hit the fastest year-over-year pace since 2006. | |||||||
| Consumer confidence rose slightly in August to 81.5 from 80.0 in July, according to the Conference Board. Economists expected a drop to 78.0. The future expectations index rose to 88.7 from 86.0. The present situation index fell to 70.7 from 73.6. Consumer confidence increased slightly as a result of improving short-term expectations. Consumers are slightly more upbeat about business, job and earning prospects. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/gold-above-1400-on-syria-concerns-taper-debate-2013-08-27 | |||||||
| http://www.marketwatch.com/story/home-price-growth-slightly-moderates-in-june-2013-08-27 | |||||||
| http://www.marketwatch.com/story/us-consumer-confidence-rises-slightly-in-august-2013-08-27?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | |||||||