| The KUIK Market Update for Monday, April 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 131 | points | 16,492 | 7:53 AM | ||
| S&P500 | Up | 0.5% | percent | 1,873 | 9.31 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,091 | 15.78 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.49 | Annual Yield | ||
| Pending home sales rose 3.4% in March for the first gain in nine months according to the National Association of Realtors. The index of pending home sales hit 97.4 in March — the highest reading since November — compared with 94.2 in February. Despite March’s gain, the gauge is down 7.9% from March 2013. Low inventory, declining affordability and poor weather have hit the housing market in recent months. By region, ales rose 5.7% in the West, 5.6% in the South and 1.4% in the Northeast, but fell 0.8% in the Midwest. Starting off with a weak first quarter, 2014’s sales of existing homes will likely reach about 4.9 million, falling short of 5.1 million sales last year, according to NAR’s forecast | |||||||
| Investors are looking to potentially market-moving events later in the week. In Asia, Chinese manufacturing numbers for April, will come out Thursday; while in the U.S., investors will be looking ahead to the Federal Reserve’s policy meeting, which concludes Wednesday, and the monthly jobs report on Friday. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/pending-home-sales-rise-for-first-time-in-nine-months-2014-04-28 | |||||||
| http://www.marketwatch.com/story/japan-leads-asian-shares-lower-on-ukraine-concerns-2014-04-28 | |||||||
| For today’s Market Update Report click to listen-> | |||||||