| The KUIK Market Update for Monday, October 21: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (26) | points | 15,374 | 7:41 AM | ||
| S&P500 | Down | -0.09% | percent | 1,743 | (1.58) | ||
| Nasdaq Composite | Up | 0.09% | percent | 3,918 | 3.49 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.68 | Annual Yield | ||
| Japan posted a record 15th straight monthly trade deficit in September, as growth in exports slowed. The Finance Ministry reported exports last month rose 11.5% from 2012, falling from a 14.7% gain in August and missing an economists forecast of 16.1%. | |||||||
| The Federal Reserve could reduce its $85 billion a-month asset purchase program in December but would need several good economic reports before acting, said Chicago Fed president Charles Evans in an interview this morning. Evans ruled out a move at the central bank’s meeting later this month, calling it “a tough one” given the lack of economic data from the government shutdown. | |||||||
| The National Association of Realtors reported sales of previously owned U.S. homes fell a seasonally adjusted 1.9% in September because of higher prices and rising mortgage rates. Sales dipped to an annual rate of 5.29 million last month from 5.39 million in August. Economists polled by MarketWatch forecast 5.30 million. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/japan-hits-record-15th-trade-deficit-in-september-2013-10-20 | |||||||
| http://www.marketwatch.com/story/feds-evans-good-reports-needed-for-dec-taper-2013-10-21 | |||||||
| http://www.marketwatch.com/story/existing-us-home-sales-dip-19-in-september-2013-10-21?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||