| The KUIK Market Update for Tuesday, July 14: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 48 | points | 18,026 | 8:08 AM | ||
| S&P500 | Up | 0.4% | percent | 2,107 | 7.40 | ||
| Nasdaq Composite | Up | 0.6% | percent | 5,100 | 28.01 | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 3.21 | Annual Yield | ||
| About 1.3% of all mortgaged homes were in the foreclosure process in May. This is the smallest percentage since the end of 2007, when the downturn started, according to CoreLogic. A year ago, the foreclosure-inventory rate was 1.7%. Foreclosures were completed on about 41,000 homes in May, down 19% from a year earlier and 65% from the peak in 2010. | |||||||
| The Commerce Department reports retail sales fell a seasonally adjusted 0.3% in June to mark the first decline in fourth months. Sales for May and April were also revised downward. Economists expected a 0.2% increase. That disappointing report and downward revisions suggest U.S. growth in the second quarter might be softer than Wall Street expects. The forecast from MarketWatch had gross domestic product in the second quarter on track for a 2.9% gain before the retail report. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/homes-least-likely-now-than-at-any-time-since-start-of-great-recession-to-be-in-foreclosure-2015-07-14 | |||||||
| http://www.marketwatch.com/story/retail-sales-shock-wall-street-slide-for-first-time-in-four-months-2015-07-14?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||