| 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 | |||||||
| For today’s Market Update Report click to listen-> | |||||||