December 31, 2013

Morning Market Report 12/31/2013

The KUIK Morning Market Report for Tuesday, December 31:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	23	points	16,527	7:01 AM
S&P500	Up	0.22%	percent	1,845		4.00
Nasdaq Composite	Up	0.33%	percent	4,168		13.75
30 Year Treasury	Unchanged	–	Basis Points	3.91	Annual Yield

Home prices remained on an upward trend in October, according to the S&P/Case-Shiller home-price report, but price gains may not be as strong in 2014. On an unadjusted basis, both the 10-city and 20-city indexes increased 0.2% in October from September and 1% seasonally adjusted. For the year, they’re up 13.6%. Las Vegas continues to lead gains, with home values up 27.1% year-over-year. San Francisco is second, with prices rising 24.6%.

The Chicago Business Barometer dropped to 59.1% from 63% in November. Economists expected a drop to 61.0%. Any reading above 50 indicates expansion. The index has been above 50 mark for eight straight months.

February gold fell 0.6% yesterday, to trade at $1,196.60 an ounce on the New York Merc. Gold futures have fallen 29% for most active contracts in 2013, for the first annual loss since 2000.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/case-shiller-home-prices-up-but-boom-fading-2013-12-31
http://www.marketwatch.com/story/chicago-manufacturing-index-declines-in-november-2013-12-31
http://www.marketwatch.com/story/gold-drops-below-1200-for-nearly-30-2013-loss-2013-12-31


For today’s Morning Market Report click to listen->