| The KUIK Market Update for Tuesday, March 17: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (144) | points | 17,833 | 7:23 AM | ||
| S&P500 | Down | -0.5% | percent | 2,071 | (10.28) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,918 | (11.09) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 2.63 | Annual Yield | ||
| The Commerce Department reports housing starts fell to an annual rate of 897,000 in February down from a revised 1.08 million in January. Economists expected a seasonally adjusted 1.03 million. New construction in the Northeast fell 56% for lowest rate since 2009. Starts also fell 37% in the Midwest. Permits for new construction, a sign of future demand, rose to an annual rate of 1.09 million from January’s upwardly revised level of 1.06. The rise in permits is a sign that builders plan to ramp up construction in the Spring. | |||||||
| The Internet has done little to improve the prospects of poor kids growing up in America, according to Robert Putnam says in his new book, “Our Kids: The American Dream in Crisis.” Putnam is the author “Bowling Alone.” He says social and mobile technologies do almost nothing to improve social mobility.He writes “Compared to their poorer counterparts, young people from upper-class backgrounds (and their parents) are more likely to use the Internet for jobs, education, political and social engagement, health and newsgathering, and less for entertainment and recreation.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-sink-17-in-february-owing-to-heavy-snow-2015-03-17 | |||||||
| http://www.marketwatch.com/story/why-the-internet-did-zero-to-help-poor-american-kids-2015-03-17 | |||||||
| For today’s Market Update Report click to listen-> | |||||||