| The KUIK Market Update for Tuesday, March 3: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (92) | points | 18,196 | 8:14 AM | ||
| S&P500 | Down | -0.6% | percent | 2,104 | (13.30) | ||
| Nasdaq Composite | Down | -0.8% | percent | 4,969 | (39.03) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.70 | Annual Yield | ||
| Corelogic reports U.S. home prices jumped 1.1% in January to take the year-over-year gain to 5.7%. CoreLogic said 27 states and the District of Columbia are at or within 10% of their peak. Colorado had the biggest year-over-year state gain of 9.1%, and Houston at 10.9% had the biggest gain for a major metropolitan area. | |||||||
| West Texas Intermediate crude edged higher today, while prices for Brent crude got a lift from events in Libya which raise concerns about global oil supplies. April crude is up 0.3% to $49.73 a barrel on the New York Merc. Reuters reports Rival forces in Libya, which is a member of OPEC, struck oil terminals and an airport. | |||||||
| Austria today joined Germany and Finland in selling five-year government bonds at a negative yield at an auction, reflecting low borrowing costs in Europe ahead of the European Central Bank’s government bond-buying program. The Austrian government $1.23 billion worth of government bonds maturing in October 2019 and 2024. The average yield on the 2019 bond was -0.038%, compared with 0.025% at its previous auction in January. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-jump-11-in-january-corelogic-says-2015-03-03 | |||||||
| http://www.marketwatch.com/story/oil-ticks-higher-but-stays-volatile-2015-03-03 | |||||||
| http://www.marketwatch.com/story/austria-sells-bonds-at-negative-yield-2015-03-03-81035718 | |||||||
| For today’s Market Update Report click to listen-> | |||||||