| The KUIK Market Update for Tuesday, February 3: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 144 | points | 17,505 | 8:07 AM | ||
| S&P500 | Up | 0.4% | percent | 2,029 | 8.03 | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,676 | (1.03) | ||
| 30 Year Treasury | Up | 8 | Basis Points | 2.33 | Annual Yield | ||
| Home prices slipped 0.1% in December, to take the year-on-year rate to 5%, according to CoreLogic. Twenty-seven states and the District of Columbia are at or within 10% of their peak. Colorado (8.4%), Texas (7.8%) and New York (7.6%) saw the fastest growth, while Maryland (-0.7%), Vermont (-0.9%) and Connecticut (-2.2%) — saw a declines. | |||||||
| Crude-oil futures extended gains today, with prices rallying on speculation that a sharp drop in U.S. drilling activity will result in supply cuts. March crude is recently traded up 3% to $51.04 a barrel on the New York Merc. Both Brent and West Texas Intermediated have gained between 11% to 13% over the last three sessions, but market observers remain wary of the latest rebound. While cuts in capital spending and drilling will translate into slower non-OPEC production growth, supply may not be reduced in time to erase a projected global surplus of 1.5 million barrels a day in the first half of 2015, according to Citigroup’s futures analyst Tim Evans. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-slipped-in-december-corelogic-says-2015-02-03 | |||||||
| http://www.marketwatch.com/story/oil-prices-continue-to-rise-as-investors-worry-about-supply-cuts-2015-02-03?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||