| The KUIK Market Update for Wednesday, August 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 45 | points | 14,821 | 8:01 AM | ||
| S&P500 | Up | 0.39% | percent | 1,637 | 6.28 | ||
| Nasdaq Composite | Up | 0.53% | percent | 3,598 | 19.13 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.74 | Annual Yield | ||
| Sales contracts for buying homes fell 1.3% in July for a second month of declines, as mortgage rates continued to rise, according to The National Association of Realtors. Despite the drop, pending-home sales are up 6.7% from July 2012. By region pending sales fell 6.5% in the Northeast, 4.9% in the West and 1% in the Midwest and up 2.6% in the South. A sale is listed as pending when the contract is signed and are finalized within one or two months. | |||||||
| The British pound jumped to an intraday high Wednesday as Bank of England Governor Mark Carney delivered his first public speech after joining the bank July 1. Carney said the U.K. central bank is ready to increase stimulus if rising interest rates worldwide threaten Britain’s economic recovery. | |||||||
| Syria is the focus of oil markets, with futures rising to the highest level in more than two years and as investment bank Societe General in a research note says Brent crude could surge as high as $150 a barrelon the crisis. October crude is up 1.3%, to $110.40 a barrel in electronic trading after surging almost 3% Tuesday on the New York Mer. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/pending-home-sales-fall-13-in-july-2013-08-28-109108 | |||||||
| http://www.marketwatch.com/story/british-pound-hits-intraday-high-on-carney-speech-2013-08-28?dist=markets | |||||||
| http://www.marketwatch.com/story/oil-punches-past-110-as-syria-strike-fears-rise-2013-08-27?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||