| The KUIK Market Update for Tuesday, February 17: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (48) | points | 17,972 | 7:55 AM | ||
| S&P500 | Down | -0.3% | percent | 2,092 | (5.17) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,885 | (9.33) | ||
| 30 Year Treasury | Up | 6 | Basis Points | 2.69 | Annual Yield | ||
| In London, the FTSE 100 lost 0.3% to 6,839, moving toward a second straight loss and the Stoxx Europe 600 fell 0.6% to 375. Yesterday, talks among european finance ministers broke down abruptly after Greece’s new leftist government rejected an extension to its $272 billion bailout program. A new meeting might be scheduled for Friday. | |||||||
| Back in the US, the Empire State manufacturing index fell to 7.8 from 10.0 in January. Economists expected 9. The survey of manufacturers by the New York Fed showed a downward move in new orders but a rise in shipments. Any reading above zero indicates improving conditions. | |||||||
| Confidence among home builders fell in February to a four-month low but pointa to more construction in coming months. The National Association of Home Builders/Wells Fargo housing-market index fell 2 points to 55 in February down from 57 in January. It’s the lowest level since October, but readings above 50 signal that builders are generally optimistic. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/uk-stocks-fall-as-uncertainty-over-greece-persists-2015-02-17 | |||||||
| http://www.marketwatch.com/story/empire-state-manufacturing-gauge-dips-slightly-in-february-2015-02-17 | |||||||
| http://www.marketwatch.com/story/home-builders-index-drops-in-february-to-four-month-low-2015-02-17 | |||||||
| For today’s Market Update Report click to listen-> | |||||||