The KUIK Morning Market Report for Tuesday, April 28: |
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Markets are mixed. |
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Index |
Direction |
Change |
Units |
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Time |
Change |
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Dow |
Up |
15 |
points |
18,053 |
7:01 AM |
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S&P500 |
Down |
-0.1% |
percent |
2,107 |
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(2.42) |
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Nasdaq Composite |
Down |
-0.4% |
percent |
5,039 |
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(21.54) |
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30 Year Treasury |
Up |
3 |
Basis Points |
2.64 |
Annual Yield |
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The S&P/Case-Shiller 20-city composite showed February growth of 0.5%, and the fastest year-over-year appreciation in six months. Denver at 10% and San Francisco at 9.8% had the highest year-over-year gains. Portland is up 0.7% for February at 7.1% annually. Seattle is up 0.9% for February and matched Portland’s 7.1%. Denver and Dallas have pushed past their 2006 housing boom peaks, while Las Vegas is still down 42% from its peak. |
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Amazon announced Amazon Business today, a new marketplace offering tractor parts, latex gloves, paper clips and millions of other products needed in factories, hospitals, schools, and offices. Amazon has over 278 million active shoppers, is aiming for a chunk of the $1 trillion that U.S. companies spend annually in business-to-business purchases, a market where Costco and Staples have been active. Amazon Business is likely to step up competition with rival marketplace EBay, which will soon be a standalone company once it spins off faster-growing PayPal as part of a planned split. |
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
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http://www.marketwatch.com/story/city-by-city-look-at-house-prices-as-dallas-denver-reach-highs-2015-04-28 |
http://www.bloomberg.com/news/articles/2015-04-28/amazon-business-aims-for-1-trillion-corporate-spending-market-i9157dai |
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For today’s Morning Market Report click to listen-> |
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