| The KUIK Market Update for Monday, January 27: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 10 | points | 15,889 | 8:05 AM | ||
| S&P500 | Down | -0.29% | percent | 1,785 | (5.22) | ||
| Nasdaq Composite | Down | -0.91% | percent | 4,090 | (37.68) | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 3.65 | Annual Yield | ||
| The Commerce Department reports sales of new single-family homes fell in December, but the whole of 2013 saw the highest sales level in five years. Sales of new single-family homes dropped 7% in December to a seasonally adjusted annual rate of 414,000, but were up 4.5% from a year earlier. For all of 2013, new-home sales hit 428,000, the most since 2008. Despite the growth, sales are still below their peak of almost 1.4 million in 2005. The median price of new homes rose 0.6% in December to $270,200. For 2013, the median price hit $265,800, up 8.4% from the prior year, the strongest annual growth since 2005. The supply of new homes on the U.S. market rose to 5 months in December at the current sales pace from 4.7 months in November. | |||||||
| Japan’s trade deficit unexpectedly widened in December, with exports growing less than forecast. Exports rose 15.3% from a year earlier, missing a Wall Street Journal forecast for a 17.7% increase, while imports grew by 24.7% from December 2012. The resulting trade deficit in dollars was $12.8 billion. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-halts-transfers-at-citi-other-banks-report-2014-01-26 | |||||||
| http://www.marketwatch.com/story/japans-trade-deficit-shows-surprise-increase-2014-01-26 | |||||||
| http://www.marketwatch.com/story/german-business-mood-brightens-for-third-month-2014-01-27 | |||||||
| For today’s Market Update Report click to listen-> | |||||||