| The KUIK Morning Market Report for Tuesday, October 7: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (104) | points | 16,888 | 7:08 AM | ||
| S&P500 | Down | -0.5% | percent | 1,954 | (10.66) | ||
| Nasdaq Composite | Down | -0.6% | percent | 4,426 | (28.54) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.10 | Annual Yield | ||
| Corelogic reports that home prices rose just 0.3% in August, and nine states including Texas and North Dakota hit record highs. Year-over-year home-price growth fell to 6.4% in August, down from 6.8% in July and 11.4% in August 2013. The company expects housing appreciation to slow down even further, with annual growth in August 2015 falling to 5.2%. | |||||||
| German industrial output fell sharply in August, down 4.0% and below analysts’ expectations for a 1.5% drop according to Dow Jones. The Stoxx Europe 600 index dropped 0.5% to 334.38, breaking a two-day winning streak on that news. | |||||||
| A survey released today by Citizens Financial Group finds that student loan debt negatively colors the way graduates and former students look at a college education. Indeed, fewer former students and grads consider college a worthy investment (66%) than do current students (89%). “Buyer’s remorse” is part of what’s going on here, says Brendan Coughlin, the president of auto and education finance for Citizens. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-price-growth-hits-slowest-pace-in-nearly-two-years-2014-10-07 | |||||||
| http://www.marketwatch.com/story/german-industrial-output-drops-4-on-month-2014-10-07 | |||||||
| http://www.marketwatch.com/story/1-in-4-borrowers-skip-doctors-visits-thanks-to-student-loan-debt-2014-10-07 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||