| The KUIK Market Update for Monday, June 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 153 | points | 18,167 | 7:58 AM | ||
| S&P500 | Up | 0.8% | percent | 2,127 | 17.15 | ||
| Nasdaq Composite | Up | 0.7% | percent | 5,151 | 33.86 | ||
| 30 Year Treasury | Up | 7 | Basis Points | 3.13 | Annual Yield | ||
| Sales of existing homes rose 5.1% in May to a seasonally adjusted annual rate of 5.35 million, hitting the fastest pace since November 2009 and rebounding from a drop in April, according to the National Association of Realtors. This year is on track to be the best for home sales since 2007, when the U.S. entered a recession. Economists forecast a sales rate of 5.25 million for May. | |||||||
| The Stoxx Europe 600 jumped 1.9% to 392.82, with all sectors advancing, led telecommunications. Greek stocks are higher, with the Athex Composite up 8.6% to 746.08, and Greek bond prices rose, pushing yields lower. The yield on Greek 2-year government debt fell 4.5 percentage points to 25.25%. The moves comes on a busy day for Greek and European officials, who will work during a number of meetings on a deal to steer Greece from default . | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-continues-to-boom-as-existing-home-sales-hit-55-year-high-2015-06-22?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/hopes-for-greek-deal-fuel-european-rally-2015-06-22 | |||||||
| For today’s Market Update Report click to listen-> | |||||||