| The KUIK Morning Market Report for Wednesday, April 22: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (24) | points | 17,926 | 6:56 AM | ||
| S&P500 | Down | -0.1% | percent | 2,096 | (1.40) | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,009 | (5.47) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.61 | Annual Yield | ||
| U.S. home prices climbed 0.7% on a seasonally adjusted basis in February, putting the increase over the past year at 5.4%, according to the Federal Housing Finance Agency. The annual rise in prices was up slightly from January. The FHFA monthly index is calculated using the purchase prices of houses tied to mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac. | |||||||
| U.K.-based trader Navinder Singh Sarao vowed to fight U.S. plans to extradite him in connection with alleged market manipulation that, authorities say, included a role in the flash crash of May 2010 when the Dow Jones fell 1,000 points in minutes and then mostly recovered. U.S. authorities said Tuesday that Sarao earned $40 million in profits from 2010 to 2014 through allegedly manipulating markets. The authorities accused him of using an illegal trading technique known as spoofing, or layering, to artificially move prices in his favor. The U.K. court heard that Sarao faces 32 charges of wire fraud and commodities manipulation that carry a combined maximum sentence of 380 years. A lawyer for Sarao said “the arrest came as a bolt from the blue.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fhfa-home-price-index-up-07-in-february-54-in-past-year-2015-04-22 | |||||||
| http://www.marketwatch.com/story/flash-crash-day-trader-vows-to-fight-extradition-2015-04-22 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||