Morning Market Report 12/23/2014

The KUIK Morning Market Report for Tuesday, December 23:
Markets are up.
Index Direction Change Units Time Change
Dow Up                     81 points           18,041 7:10 AM
S&P500 Up 0.3% percent            2,085             5.99
Nasdaq Composite Down 0.0% percent            4,780            (0.96)
30 Year Treasury Up                       3 Basis Points              2.78 Annual Yield
Three reports from the  Commerce Department:  It reports gross domestic product — the value of all goods and services produced by the U.S. — grew at a real 5.0% annual rate in the third quarter. That’s up from a prior reading of 3.9%. This is the fastest pace of growth since the third quarter of 2003. Economists  expected a revised rate of 4.4%. Consumer spending was revised up to 3.2% from 2.2%.
Orders for durable goods fell  a seasonally adjusted 0.7% in November, with few signs of strength. Civilian aircraft orders rose 0.6% in November. Auto production rose 0.2%. Durable goods have now fallenn three of the past four months, including an 18.3% drop in August.
Sales of new single-family homes fell 1.6% in November to a seasonally adjusted annual rate of 438,000, the slowest pace in four months, with drops in three of four U.S. regions. Economists expected 450,000.  The sales pace fell 12% in the Northeast, 6.4% in the South, and 6.3% in the Midwest, but rose 14.8% here in the West.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
For today’s Morning Market Report click to listen->