| The KUIK Morning Market Report for Friday, January 30: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (21) | points | 17,395 | 6:56 AM | ||
| S&P500 | Down | -0.2% | percent | 2,017 | (4.60) | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,693 | 9.30 | ||
| 30 Year Treasury | Down | (6) | Basis Points | 2.26 | Annual Yield | ||
| Pending home sales cooled in December, which the National Association of Realtors attributes to fewer homes being available for sale and a slight rise in prices. The pending home sales index fell 3.7% during December, though the year-on-year gain was 11.7%, the highest since June 2013. “ | |||||||
| The Commerce Department reported the U.S. economy grew by 2.6% annually in the fourth quarter, down from 5.0% in the third quarter, and below expectations of 3.2%. Consumer spending rose 4.3% following a 3.2% rise in the third quarter. But growth slowed because of slower business and government spending and higher imports. | |||||||
| The Labor Department reports employment cost index climbed 0.6% in the fourth quarter after a 0.7% increase in both the second and the third quarters. That was in line with Wall Street expectations. | |||||||
| The Chicago Purchasing Managers Index rose 0.6 of a point in January to 59.4, helped by growth in new orders and the best reading on employment in 14 months. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/pending-home-sales-slip-37-in-december-2015-01-29 | |||||||
| http://www.marketwatch.com/story/us-stocks-gdp-jitters-knock-futures-into-red-2015-01-30?link=MW_popular | |||||||
| http://www.marketwatch.com/story/us-stocks-gdp-jitters-knock-futures-into-red-2015-01-30?link=MW_popular | |||||||
| http://www.marketwatch.com/story/chicago-pmi-picks-up-to-594-in-january-2015-01-30 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||