| The KUIK Morning Market Report for Tuesday, December 9: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (150) | points | 17,703 | 7:10 AM | ||
| S&P500 | Down | -0.8% | percent | 2,043 | (17.25) | ||
| Nasdaq Composite | Down | -1.0% | percent | 4,694 | (46.45) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.86 | Annual Yield | ||
| Small-business sentiment reached a seven-year high in November, according to the National Federation of Independent Business. The index rose 2 points to 98.1, the highest level since Feb. 2007. Expectations for business conditions in six months and expectations for real sales volumes both gained. | |||||||
| Fannie Mae , Freddie Mac, and the Federal Housing Finance Agency gave details yesterday on low down-payment mortgage programs, which could open home ownership to thousands of cash-strapped buyers. The companies said borrowers could be able to get mortgages with as little as 3% down. The loans will be for first-time buyers, buyers who haven’t owned a home for at least a few years, and those with lower incomes. Many of the loans will also require borrowers to get counseling before buying. | |||||||
| Oil is down. January crude is off 39 cents to $62.66 a barrel on the New York Merk. WTI crude has dropped by more than 40% in less than six months. Oil settled at $107.26 a barrel on June 20. The current six-month slide represents oil’s sharpest multi-month drop in six years. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/small-business-sentiment-hits-seven-year-high-in-november-nfib-says-2014-12-09 | |||||||
| http://www.marketwatch.com/story/fannie-freddie-detail-3-down-payment-mortgage-program-2014-12-08 | |||||||
| http://www.marketwatch.com/story/oils-breathtaking-drop-is-its-steepest-since-2008-2014-12-08?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||