| The KUIK Market Update for Tuesday, July 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 89 | points | 17,530 | 8:09 AM | ||
| S&P500 | Up | 0.6% | percent | 2,079 | 11.71 | ||
| Nasdaq Composite | Up | 0.2% | percent | 5,049 | 9.63 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.98 | Annual Yield | ||
| U.S. house prices rose 1.1% in May, supported by the spring sales market, with gains in all cities tracked by the Case-Shiller 20-city composite index. Prices fell 0.2% after seasonal adjustment. Home prices in May were up 4.9% from a year earlier, slightly slower than April’s annual growth of 5%. Denver saw the fastest year-over-year home-price growth in May, hitting 10%. Portland and Seattle were both up 1.4% for the month and 7.4% annually. | |||||||
| Consumer confidence fell sharply in July to a 10-month low, probably because of a U.S. stock market with financial worries in China and the Greek debt crisis according to the Conference Board. The consumer confidence index dropped to 90.9 down from 99.8 in June. Economists expected 99.1. The present situation index fell as well the future expectations index which hit the lowest level in almost a year and a half. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/city-by-city-look-at-house-prices-2015-07-28 | |||||||
| http://www.marketwatch.com/story/us-consumer-confidence-falls-sharply-in-july-2015-07-28?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||