| The KUIK Market Update for Monday, August 25: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 94 | points | 17,095 | 7:21 AM | ||
| S&P500 | Up | 0.5% | percent | 1,999 | 10.46 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,564 | 25.86 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.14 | Annual Yield | ||
| Economic activity accelerated in July, according to the national activity index from the Chicago Fed. The index rose to 0.39 up from 0.21 in July. Readings above zero indicate above-trend growth. The index is a weighted average of 85 different economic indicators. | |||||||
| Sales of new single-family homes fell 2.4% in July to a seasonally adjusted annual rate of 412,000, the slowest pace in four months, led by drops in three of four U.S. regions, according to the Commerce Department. That missed expectations. Economists polled by MarketWatch forecast 430,000. The only region that saw faster sales in July was the South. The median price of new homes in July rose to $269,800, up 2.9% from a year earlier. July’s supply of new homes on the market rose to six months at the current sales pace, the most since 2011, up from 5.6 months in June. New-home sales in July were up 12.3% 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/economic-activity-accelerates-in-july-chicago-fed-index-shows-2014-08-25 | |||||||
| http://www.marketwatch.com/story/julys-pace-of-new-home-sales-declines-to-four-month-low-2014-08-25 | |||||||
| For today’s Market Update Report click to listen-> | |||||||