| The KUIK Market Update for Tuesday, December 3: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (58) | points | 15,945 | 8:02 AM | ||
| S&P500 | Down | -0.15% | percent | 1,798 | (2.78) | ||
| Nasdaq Composite | Down | -0.01% | percent | 4,045 | (0.49) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.84 | Annual Yield | ||
| U.S. stock indexes opened lower today, undercut by expectations the Federal Reserve could begin to trim its bond purchases sooner than expected and concerns that Wall Street’s record rally is overdue for a pullback. | |||||||
| Corelogic reports U.S. home prices rose 0.2% in October, for 12.5% year-on-year growth. Taking out distressed sales, prices are up 0.4% on a monthly basis and 11% year-on-year. The CoreLogic pending home-price index indicates no increase in November home prices over October.and 12.2% on a year-over-year basis. | |||||||
| Maybe we should invest in Christmas. PNC Wealth Management’s core Christmas Price Index, based on the components of the Christmas carol the “Twelve Days of Christmas,” is up 10.6% year over year. The core index excludes prices for swans, which have tended to be be more volatile than other index components since the report was first issued in 1984. The broader Christmas Price Index, including swans, rose 7.7% in the past year, outpacing U.S. inflation, which stood at 1% for the 12 months ending in September. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-stocks-open-lower-on-taper-worries-2013-12-03?dist=markets | |||||||
| http://www.marketwatch.com/story/us-home-prices-rise-02-in-october-corelogic-2013-12-03 | |||||||
| http://blogs.marketwatch.com/thetell/2013/12/02/12-days-of-christmas-presents-cost-114651-18-this-year-pnc/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||