| The KUIK Market Update for Tuesday, April 29: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 89 | points | 16,539 | 8:17 AM | ||
| S&P500 | Up | 0.3% | percent | 1,875 | 5.22 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,085 | 10.54 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.50 | Annual Yield | ||
| U.S. home prices were nearly unchanged in February, after slumping 0.1% in each month since November, according to the S&P/Case-Shiller 20-city composite index. After seasonal adjustments, home prices in February rose 0.8%. Meanwhile, longer-term trends show that price growth is slowing down. On a year-over-year basis, home prices rose 12.9% in February, down from 13.2% in January and a recent peak of 13.7% in November. | |||||||
| The U.S. consumer confidence index fell to 82.3 in April from a revised 83.9 in March, according to the Conference Board. The upward revision in March put the index in that month at the highest level since January 2008. But the April reading fell short of Wall Street forecasts. | |||||||
| There’s trouble for President Barack Obama and Democrats in the new ABC News/Washington Post poll. The president’s job approval rating has fallen five points since March to 41%, making it the lowest of his presidency by a single point. And with midterm elections later this year, registered voters by 53% to 39% say they’d rather see Republicans than Democrats in control of Congress. Just 28% of Americans think the economy is improving. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-unchanged-in-february-2014-04-29 | |||||||
| http://www.marketwatch.com/story/us-consumer-confidence-dips-slightly-in-april-2014-04-29 | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/04/29/obamas-job-approval-rating-hits-new-low-and-more-must-reads/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||