| The KUIK Market Update for Tuesday, January 28: | |||||||
| Markets are UP. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 96 | points | 15,922 | 7:40 AM | ||
| S&P500 | Up | 0.62% | percent | 1,793 | 11.09 | ||
| Nasdaq Composite | Up | 0.32% | percent | 4,097 | 12.96 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.68 | Annual Yield | ||
| Home prices ticked down 0.1% in November, the first decline in a year, with nine of 20 tracked cities posting price drops . After seasonal adjustments, home prices in November rose 0.9%, according to S&P/Case-Shiller’s 20-city composite index. On a year-over-year basis, home prices rose 13.7% in November, the fastest growth in more than seven years. Pent-up demand and low inventories of homes for sale have been supporting price growth. Including November, prices are 20% below their 2006 peak, though certain cities, such as Dallas, have recently posted fresh record highs. | |||||||
| Consumer confidence climbed in January according to the Conference Board. The confidence index rose to 80.7 in January from 77.5 in December, topping the 77.1 economists expected. “Consumers’ assessment of the present situation continues to improve, with both business conditions and the job market rated more favorably. Looking ahead six months, consumers expect the economy and their earnings to improve, but were somewhat mixed regarding the outlook for jobs. All in all, confidence appears to be back on track and rising expectations suggest the economy may pick up some momentum in the months ahead,” said Lynn Franco, director of economic indicators. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-see-first-drop-in-a-year-report-2014-01-28 | |||||||
| http://www.marketwatch.com/story/consumer-confidence-rises-in-january-2014-01-28?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||