| The KUIK Market Update for Tuesday, September 23: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (28) | points | 17,145 | 7:55 AM | ||
| S&P500 | Down | -0.1% | percent | 1,992 | (2.51) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,525 | (2.57) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.27 | Annual Yield | ||
| Home prices rose a seasonally adjusted 0.1% in July, slower than a 0.3% gain in June, according to the Federal Housing Finance Agency, which tracks deals with mortgages backed by Fannie Mae and Freddie Mac. It said home prices in July were up 4.4% from July 2013. | |||||||
| The preliminary version of HSBC’s China manufacturing Purchasing Managers’ Index rose to 50.5, up from August’s final 50.2, and beating expectations for a drop to 50.0, according to a Bloomberg News survey of economists. The 50 mark divides growth from contraction. | |||||||
| Four companies: Pathfinder Renewable Wind Energy, Magnum Energy, Dresser-Rand, and Duke-American Transmission today proposed an ambitious, $8 billion, green-energy plan for Los Angeles. It includes a large wind farm in Wyoming and a 525-mile transmission line connecing that site to an underground storage facility in Utah. The project would generate 9.2 million megawatt-hours a year, more than double what is produced by the Hoover Dam and equivalent to that of a large nuclear plant, enough to serve 1.2 million homes. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-rise-01-in-july-fhfa-2014-09-23-991414 | |||||||
| http://www.marketwatch.com/story/china-factory-data-surprises-to-upside-cheering-markets-a-bit-2014-09-23 | |||||||
| http://www.marketwatch.com/story/companies-propose-8-billion-green-energy-plan-for-los-angeles-2014-09-23 | |||||||
| For today’s Market Update Report click to listen-> | |||||||