| The KUIK Morning Market Report for Tuesday, January 28: | |||||||
| Markets are UP. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 78 | points | 15,916 | 6:55 AM | ||
| S&P500 | Up | 0.49% | percent | 1,790 | 8.77 | ||
| Nasdaq Composite | Up | 0.13% | percent | 4,089 | 5.36 | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.68 | Annual Yield | ||
| The Commerce Department reports orders for durable goods sank 4.3% in December and posted the biggest decline since midsummer as demand for big ticket items fell almost across the board. Business investment also softened and the spike in orders for November was revised downward. Economists expected a 1.8% increase in orders. Orders for commercial aircraft fell 17.5% in December and demand for autos fell 5.8%. | |||||||
| 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. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/orders-for-durable-goods-fizzle-in-december-2014-01-28 | |||||||
| http://www.marketwatch.com/story/us-home-prices-see-first-drop-in-a-year-report-2014-01-28 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||