| The KUIK Market Update for Tuesday, December 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 68 | points | 17,845 | 8:06 AM | ||
| S&P500 | Up | 0.5% | percent | 2,063 | 10.01 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,749 | 21.47 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.00 | Annual Yield | ||
| Wal-Mart said it saw the biggest online day in its history for orders during yesterday’s Cyber Monday. Mobile accounted for 70% of the 1.5 billion hits on its website between Thanksgiving and Cyber Monday. Wal-Mart attributed the higher traffic to the evening deals offered to attract working customers and millenials. It was also the company’s biggest-ever day for same-day pickups, with orders up 70% over last year. | |||||||
| Russia’s economy will shrink more than previously expected, according to the economy ministry. The ministry now expects gross domestic product to shrink by 0.8% in 2015, down from a previous estimate of 1.2% growth. It also predicts the economy will slip into recession in the first quarter. The oil price forecast was cut to $80 a barrel down from $100 a barrel, according to Dow Jones. | |||||||
| U.S. home prices rose 0.5% in October, pulling annual growth up to 6.1%, the fastest year-over-year pace since July, according to CoreLogic. Nine states have record-high home prices: Colorado, Louisiana, Nebraska, New York, North Dakota, South Dakota, Tennessee, Texas and Wyoming. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/wal-mart-sees-its-biggest-ever-day-for-online-ordering-on-cyber-monday-2014-12-02?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/russia-cuts-2015-gdp-growth-outlook-to–08-reports-2014-12-02?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/27-states-on-track-to-hit-or-pass-bubble-era-home-price-peaks-soon-2014-12-02 | |||||||
| For today’s Market Update Report click to listen-> | |||||||