| The KUIK Morning Market Report for Monday, October 27: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (36) | points | 16,769 | 7:16 AM | ||
| S&P500 | Down | -0.4% | percent | 1,956 | (8.21) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,461 | (22.87) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.03 | Annual Yield | ||
| German business confidence fell in October. The Ifo Institute’s lead indicator fell to 103.2 after 104.7 in September for the sixth straight drop and below analysts’ expectations. Europe’s largest economy is struggling to regain momentum after a contraction in the second quarter and only moderate growth in the third. | |||||||
| Energy stocks have fallen in early trading this morning and are the top 20 decliners on the S&P 500. Goldman Sach put out at bearish note on crude oil. Goldman said it expects the shale boom to weigh on oil prices into 2015 and lowered its first-quarter forecast for WTI crude to $75 a barrel down from $90. | |||||||
| The National Association of Realtors reports pending home sales rose 0.3% in September, hitting the second highest level for this year, and showing that upcoming closings of existing homes are likely to pick up. The index of pending home sales reached a seasonally adjusted 105 in September, up from 104.7 in August. 100 equals 2001’s average level of contract activity and pendings usually close within two months | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/german-business-confidence-faltering-again-ifo-2014-10-27 | |||||||
| http://www.marketwatch.com/story/energy-stocks-crater-in-early-trade-after-bearish-goldman-note-on-oil-2014-10-27 | |||||||
| http://www.marketwatch.com/story/pending-home-sales-nudge-up-03-in-september-2014-10-27-109103?link=MW_Nav_NV | |||||||
| For today’s Morning Market Report click to listen-> | |||||||