| The KUIK Market Update for Tuesday, August 18: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 17 | points | 17,562 | 8:02 AM | ||
| S&P500 | Down | -0.1% | percent | 2,101 | (1.57) | ||
| Nasdaq Composite | Down | -0.3% | percent | 5,079 | (12.59) | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.84 | Annual Yield | ||
| The Commerce Department reports housing starts edged up 0.2% to an annual rate of 1.21 million in July, the highest rate since October 2007. Economists expected a seasonally adjusted 1.19 million. Starts for June were also revised upward. Permits for new construction fell 16.3% to an annual rate of 1.12 million but they are still 7.5% higher than a year ago. | |||||||
| The Internal Revenue Service said more than twice as many taxpayer accounts were hit by identity thieves than the agency first reported, according to the Wall Street Journal. A deeper investigation going back to November 2014 showed an additional 390,000 taxpayers were potentially affected. In May the agency admitted hackers used stolen Social Security numbers and other data acquired elsewhere to gain access to prior-year tax return information. On August 11 the Obama administratio asked for $242 million in cybersecurity funding for the Internal Revenue Service, a 72% increase. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-in-july-at-highest-level-since-before-recession-2015-08-18 | |||||||
| http://www.marketwatch.com/story/cfos-themselves-say-earnings-are-fudged-2015-08-18 | |||||||
| For today’s Market Update Report click to listen-> | |||||||