| The KUIK Market Update for Tuesday, September 30: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 22 | points | 17,093 | 7:45 AM | ||
| S&P500 | Up | 0.1% | percent | 1,980 | 2.69 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,509 | 3.53 | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.18 | Annual Yield | ||
| Consumer confidence index fell to 86.0 in September from a revised 93.4 in August, for the first decline in five months, according to the Conference Board. Economists polled by MarketWatch expected a drop 92.3. Both the present situation and the future expectations indexes fell. | |||||||
| U.S. home prices rose 0.6% in July, slower than the 1% rise in June, according to the S&P/Case-Shiller 20-city composite index. Among the cities tracked, all but San Francisco had higher home prices in July, led by New York. A drop of 0.4% drop in San Francisco was the city’s weakest result since February 2012. After seasonal adjustments, home prices fell 0.5% in July for the biggest drop since October 2011. Annual growth also slowed down, with year-over-year home prices rising 6.7% in July — the slowest pace since late 2012 — compared with annual growth of 8.1% in June. | |||||||
| MNI Indicators reports the Chicago Purchasing Managers Index slowed to a 60.5 in September, down from 64.3 in August. Firms added inventory at the highest pace in 41 years. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-confidence-falls-sharply-in-september-2014-09-30 | |||||||
| http://www.marketwatch.com/story/us-home-prices-rise-06-in-july-2014-09-30 | |||||||
| http://www.marketwatch.com/story/chicago-pmi-slows-to-605-in-september-inventory-hits-41-year-high-2014-09-30 | |||||||
| For today’s Market Update Report click to listen-> | |||||||