| The KUIK Market Update for Wednesday, July 22: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (61) | points | 17,858 | 7:51 AM | ||
| S&P500 | Down | -0.2% | percent | 2,114 | (4.98) | ||
| Nasdaq Composite | Down | -0.8% | percent | 5,169 | (39.40) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.04 | Annual Yield | ||
| Home prices rose a seasonally adjusted 0.4% in May, according to the Federal Housing Finance Agency. Prices are up 5.7% compared to May 2014. The agency racks deals involving mortgages backed by Fannie Mae and Freddie Mac. | |||||||
| Apple shares are down 4.8% to $124.11 a share. Yesterday Apple gave analysts a lower-than-expected revenue outlook for the current quarter. The company reported that its third-quarter profit increased to $10.7 billion up from $7.74 billion a year ago. | |||||||
| Sales of existing homes rose 3.2% in June to a seasonally adjusted annual rate of 5.49 million, hitting the fastest pace since February 2007, according to the National Association of Realtors . A limited inventory of homes available for sale supported prices, with June’s median sales price hitting a record of $236,400. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-rise-04-in-may-fhfa-2015-07-22-991425 | |||||||
| http://www.marketwatch.com/story/apple-earnings-boosted-by-iphone-sales-2015-07-21-164853126 | |||||||
| http://www.marketwatch.com/story/existing-home-sales-rise-32-to-549-million-rate-in-june-fastest-since-2007-2015-07-22?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||