| The KUIK Market Update for Monday, December 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 81 | points | 17,885 | 7:41 AM | ||
| S&P500 | Up | 0.1% | percent | 2,072 | 0.97 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,772 | 6.31 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.78 | Annual Yield | ||
| Economic growth improved in November, according to the Chicago Fed national activity index rout today. The index rose to 0.73 from an upwardly revised 0.31 in October. The index is a weighted average of 85 different economic indicators. Readings above zero indicate above-trend growth. | |||||||
| After a brief rally, crude-oil prices fell today, as a production glut continues to hammer the oil market. Over the weekend, the Saudi energy minister said that Saudi Arabia will maintain its oil production and may even increase it. February crude fell 1.4% to $56.31 a barrel on the the New York Merc. | |||||||
| Sales of existing homes fell 6.1% in November to a seasonally adjusted annual rate of 4.93 million dwon from 5.25 million in October, according to the the National Association of Realtors. This is the weakest sales rate since May. The size of the drop was a surprise. Economists expected a November rate of 5.18 million. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/economic-growth-jumps-in-november-chicago-fed-national-activity-index-shows-2014-12-22 | |||||||
| http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-75347/ | |||||||
| http://www.marketwatch.com/story/sales-of-existing-home-cool-in-november-2014-12-22?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||