| The KUIK Market Update for Wednesday, March 26: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 36 | points | 16,404 | 8:13 AM | ||
| S&P500 | Up | 0.26% | percent | 1,870 | 4.86 | ||
| Nasdaq Composite | Up | 0.07% | percent | 4,237 | 2.88 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.57 | Annual Yield | ||
| The Commerce Department reports orders for durable goods climbed 2.2% in February to a seasonally adjusted $229.4 billion. Economists expected no increase from January. Orders for airplanes jumped 13.6% and autos rose 3.6%. Both of those categories declined in January. Taking out the volatile transportation sector, orders rose a much smaller 0.2%. Business investment in the form of core capital goods orders fell 1.3% in February for the fourth decline in the past six months. | |||||||
| Freddie Mac has a new housing market indicator. The U.S. Multi-Indicator Market Index, or “MiMi,” paints a picture of how close housing markets are to their sweet spot, which Freddie defines as “where prices, demand, affordability and sales are stable and sustainable”. It reached -3.08 in January, an improvement from -3.25 in September of 2013. Readings between -2 and 2 indcate stability, showing that the housing market is in its long-term normal range. Levels below -2 signal weakness, while readings above 2 indicate overheating. The national MiMi hit a record low of -4.49 in November 2010. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/durable-goods-orders-rise-22-in-february-2014-03-26 | |||||||
| http://www.marketwatch.com/story/new-indicator-aims-to-mark-housing-sweet-spot-2014-03-26 | |||||||
| For today’s Market Update Report click to listen-> | |||||||