| The KUIK Market Update for Tuesday, March 24: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (7) | points | 18,109 | 7:50 AM | ||
| S&P500 | Down | 0.0% | percent | 2,104 | (0.87) | ||
| Nasdaq Composite | Up | 0.3% | percent | 5,023 | 12.29 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.50 | Annual Yield | ||
| The consumer price index climbed by a seasonally adjusted 0.2% last month, according to the the Labor Department. Gasoline prices rebounded in early 2015, with the cost of oil stabilizing at around $50 a barrel after selling for more than $100 last summer. If food and energy are excluded, core consumer inflation has risen at a 1.7% annual rate over the past 12 months. | |||||||
| The Commerce Department reports sales of new single family homes jumped 7.8 percent to a seasonally adjusted annual rate of 539,000 units, the highest level since February 2008. January was revised up to 500,000 units from a previously reported 481,000 units. Economists expected a drop to 465,000. By region sales soared 152.9% in the Northeast, but fell 12.9 % in the Midwest. In the South they jumped 10.1% and 6.0% here in the West. With sales surging, the stock of new houses available on the market fell 1.4 percent last month to 210,000. At February’s sales pace it would take 4.7 months to clear the supply of houses on the market, down from 5.1 in January. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumers-pay-higher-prices-in-february-for-first-time-in-four-months-2015-03-24 | |||||||
| http://www.cnbc.com/id/102530152 | |||||||
| For today’s Market Update Report click to listen-> | |||||||