| The KUIK Market Update for Tuesday, April 1: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 65 | points | 16,522 | 8:12 AM | ||
| S&P500 | Up | 0.40% | percent | 1,880 | 7.48 | ||
| Nasdaq Composite | Up | 1.17% | percent | 4,248 | 49.10 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.61 | Annual Yield | ||
| Corelogic reports home prices rose 0.8% in February, as annual growth reached 12.2%, the fastest year-over-year pace since February 2006. Home prices are about 17% below their bubble peak. Prices in California saw the fastest annual growth, reaching 19.8% in February, while Kentucky was the slowest at 0.4%. Colorado, Nebraska, North Dakota and Texas each set a new record highs . Excluding distressed properties and short sales, monthly home-price growth was 0.9%, and 10.7% annually. | |||||||
| First-quarter earnings season is almost upon us, and corporate America’s outlook is pessimistic, although executives might be trying to underpromise and overdeliver. According to John Butters, senior earnings analyst at FactSet, 93 out of the 111 companies in the S&P 500 that have issued an earnings outlook for the first quarter have guided below Wall Street’s consensus estimate. That’s the second-highest number of companies issuing warnings since FactSet began trackingin 2006. The highest number came just three months ago ror 2013’s fourth quarter. Butters said the market has usuallly reacted positively to the negative preannouncements. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-rise-08-in-february-corelogic-2014-04-01 | |||||||
| http://blogs.marketwatch.com/thetell/2014/03/31/company-earnings-warnings-near-record-levels-as-q1-reports-loom/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||