| The KUIK Market Update for Thursday, March 27: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 32 | points | 16,301 | |||
| S&P500 | Up | 2 | points | 1,855 | |||
| Nasdaq Composite | Up | 4 | percent | 4,178 | |||
| 30 Year Treasury | Up | 1 | Basis Points | 3.54 | Annual Yield | ||
| Federal Reserve officials recently reviewed Fed activities and policy. The Fed expects to keep interest rates near zero for the next six months.vWithin two to three years James Bullard, President of the Federal Reserve Bank of St. Louis, expects to see Fed interest rates at “normal” levels of 4 percent. He stated that China real estate markets have reached “concerning” levels. The property sector is a significant portion of the world’s second-biggest economy. | |||||||
| Although February pending home sales rose in the west and the mid-west, the overall index fell to its lowest level in two years according to the National Association of Realtors report released today. NAR’s chief economist cited improvement in recent buyer’s traffic data and he expects recent weather-related delays to improve. | |||||||
| Serving the West Side first, I am Mike Elerath of BR Capital for AM 1360 KUIK. | |||||||
| http://Yahoofinance.com | |||||||
| http://Bloomberg.com | |||||||
| For today’s Market Update Report click to listen-> | |||||||