The KUIK Market Update for Tuesday, May 27: |
Markets are up. |
Index |
Direction |
Change |
Units |
Time |
Change |
Dow |
Up |
61 |
points |
16,667 |
9:39 AM |
S&P500 |
Up |
0.4% |
percent |
1,909 |
8.33 |
Nasdaq Composite |
Up |
0.7% |
percent |
4,216 |
34.08 |
30 Year Treasury |
Down |
(1) |
Basis Points |
3.39 |
Annual Yield |
U.S. home prices rose 0.9% in March, for the first gain in five months according to S&P/Case-Shiller’s 20-city composite index . Among 20 tracked cities, 19 saw higher home prices in March – only New York posted a drop. Home prices in Dallas and Denver hit fresh record highs. After seasonal adjustments, home prices rose 1.2% in March, compared with 0.8% in February. Annual growth is slowing down. Year-over-year home prices were up 12.4% in March, down from 12.9% in February and a recent peak of 13.7% in November. |
Orders for durable goods rose 0.8% last month amid the biggest increase in bookings for some defense equipment in 16 months, according to the Commerce Department. Economists expected a 0.8% decline in overall orders. Bookings fell by 0.8% if defense is excluded, with orders for commercial aircraft dropping 4.1% and autos down 1%. Orders also fell 2.9% for heavy machinery, 1.1% for computers and electronics. The decline in orders in April, however, was offset by sharply higher revisions in March. Orders rose in March by 3.6% instead of 2.5% as previously reported. |
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. |
http://www.marketwatch.com/story/us-home-prices-rise-09-in-march-2014-05-27 |
http://www.marketwatch.com/story/durable-goods-orders-boosted-by-military-2014-05-27 |
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