| The KUIK Market Update for Tuesday, February 24: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 63 | points | 18,180 | 7:36 AM | ||
| S&P500 | Up | 0.2% | percent | 2,113 | 3.27 | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,961 | (0.21) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 2.65 | Annual Yield | ||
| House prices edged up 0.1% in December to take the year-on-year change to 4.5%, which was twice the rate of inflation, according to the S&P/Case-Shiller 20-city composite index. Miami and Denver had the largest monthly increases, while Chicago and Cleveland had the biggest drops. San Francisco had the strongest annual growth with a 9.3% gain, and Chicago saw the weakest at just 1.3%. Portland was up 0.2% for the month and 6.8% for the year. | |||||||
| The Conference Board reports the consumer confidence index fell in February to 96.4 down from a seven-and-a-half-year high of 103.8 in January. Economists expected a drop only to 99.0. The present situation and the future expectations indices both. “While the number of consumers expecting conditions to deteriorate was virtually unchanged, fewer consumers expect conditions to improve, prompting a less upbeat outlook,” said Lynn Franco, director of economic indicators at board. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-price-growth-last-year-doubled-inflation-case-shiller-index-finds-2015-02-24 | |||||||
| http://www.marketwatch.com/story/consumer-confidence-drops-in-february-one-month-after-hitting-7-12-year-high-2015-02-24 | |||||||
| For today’s Market Update Report click to listen-> | |||||||