Morning Market Report 5/26/2015

The KUIK Morning Market Report for Tuesday, May 26:
Markets have opened down.
Index Direction Change Units Time Change
Dow Down                    (127)  points           18,105 7:02 AM
S&P500 Down -0.6% percent            2,113           (12.81)
Nasdaq Composite Down -0.8% percent            5,049           (40.55)
30 Year Treasury Down                        (4) Basis Points              2.95 Annual Yield
The S&P/Case-Shiller 20-city composite showed a 0.9% monthly gain for March and a 5% year-on-year gain. San Francisco led, up 3% for the month and 10.3% year-on-year. Portland was up 1.1% for th emonth and 6.9% year-on-year.  That was slightly behind Seattle at 2.3% and 7.5%.
The Commerce Department reports orders for U.S.-made durable goods dropped a seasonally adjusted 0.5% in April. Commercial aircarft fell 4% and computer orders dropped 3.4%, partly offsetting a big gain in March. Leaving out autos and aircraft, whose bookings are unpredictable from month to month, orders minus transportation rose 0.5%. That’s the second increase in a row after five straight monthly declines.  A key measure of business investment outside the volatile defense and transportation industries rose for the second straight month and posted the strongest back-to-back increase in a year. Core capital-goods orders advanced 1% after a revised 1.5% gain in March.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
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