| The KUIK Market Update for Tuesday, June 16: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 41 | points | 17,832 | 8:02 AM | ||
| S&P500 | Up | 0.12% | percent | 2,087 | 2.42 | ||
| Nasdaq Composite | Up | 0.06% | percent | 5,033 | 2.87 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.10 | Annual Yield | ||
| Construction starts on new U.S. homes fell 11.1% to 1.04 million annually in May, down from a surge in April, which saw the fastest starts pace since late 2007, according to the Commerce Department. Starts for single-family homes fell 5.4% to an annual rate of 680,000, while starts for apartment fell 18.5% to 349,000. Economists expected an overall May starts rate of 1.08 million. | |||||||
| The Federal Open Market Committee’s two-day meeting kicked off today. Fed Chairman Janet Yellen will hold a news conference after the meeting concludes tomorrow at 11 am Pacific time. | |||||||
| The Federal Reserve yesterday welcomed a federal judge’s decision that the former head of American International Group was not entitled to damages as a result of the U.S. central bank’s rescue of the giant insurance company in the fall of 2008. The judge, Thomas C. Wheeler of the U.S. Court of Federal Claims, ruled that the government exceeded its authority in its 2008 rescue of AIG but didn’t award any money to former CEO Hank Greenberg and other shareholders. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-housing-starts-drop-111-in-may-to-104-million-annual-rate-2015-06-16 | |||||||
| http://www.marketwatch.com/story/fomc-greece-jitters-slam-us-stock-futures-lower-2015-06-16 | |||||||
| http://www.marketwatch.com/story/fed-says-court-ruling-shows-aig-rescue-helped-millions-2015-06-15 | |||||||
| For today’s Market Update Report click to listen-> | |||||||