| The KUIK Market Update for Tuesday, July 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 69 | points | 17,121 | 7:53 AM | ||
| S&P500 | Up | 0.5% | percent | 1,984 | 10.70 | ||
| Nasdaq Composite | Up | 0.8% | percent | 4,460 | 35.33 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.28 | Annual Yield | ||
| The Labor Department reports the consumer price index increased 0.3% in June after a 0.4% gain in May. The gasoline index rose 3.3% in June, and accounted for two-thirds of the increase in overall June prices. Food prices rose 0.1% in June, the smallest monthly increase since January, after a steep 0.5% gain in May. Excluding volatile food and energy prices, core prices ticked up 0.1% after three straight gains of 0.2% or more. Economists expected a 0.3% gain in the overall CPI and a 0.2% rise in the core rate. | |||||||
| Rising for a third month, sales of existing homes grew 2.6% in June to a seasonally adjusted annual rate of 5.04 million, reaching the highest level since October, according to the National Association of Realtors. Economists expected 5 million in June, driven by a strengthening labor market, more homes on the market, and cooling price growth. The median sales price of used homes hit $223,300 in June, up 4.3% from a year ago. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-prices-rise-in-june-as-gasoline-prices-jump-2014-07-22 | |||||||
| http://www.marketwatch.com/story/existing-home-sales-rise-26-in-june-2014-07-22-1091013 | |||||||
| For today’s Market Update Report click to listen-> | |||||||