| The KUIK Market Update for Tuesday, November 25: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (9) | points | 17,809 | 8:02 AM | ||
| S&P500 | Down | -0.1% | percent | 2,067 | (2.73) | ||
| Nasdaq Composite | Up | 0.0% | percent | 4,755 | 0.56 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.00 | Annual Yield | ||
| The Commerce Department reports gross domestic product rose at 3.9% annual pace in the third quarter, revised up frm of 3.5%. Combined with a 4.6% gain in the second quarter, the U.S. posted its best six-month stretch of growth since the middle of 2003. The bad news is export growth was dropped to 4.9% from 7.8%, a sign that slower growth in Europe and Asia is taking a bite out of the U.S. economy. Imports fell at a 0.7% annual rate vs. a prior estimate of up 1.7%. | |||||||
| U.S. home prices were almost unchanged in September, down .03%, according to S&P/Case-Shiller’s 20-city composite index. Among 20 tracked cities, prices fell in nine, rose in nine, and were unchanged in the remaining two. After seasonal adjustments, home prices rose 0.3% in September — the strongest result in six months — compared with a 0.1% decline August. Through September home prices are about 16% below their 2006 peak. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-third-quarter-growth-raised-to-39-2014-11-25 | |||||||
| http://www.marketwatch.com/story/case-shiller-20-city-home-price-index-almost-unchanged-in-september-2014-11-25-991018 | |||||||
| For today’s Market Update Report click to listen-> | |||||||