| The KUIK Morning Market Report for Tuesday, August 25: | |||||||
| Markets are rebounding. | |||||||
| Index | Direction | Change | S | Time | Change | ||
| Dow | Up | 301 | points | 16,168 | 7:03 AM | ||
| S&P500 | Up | 2.2% | percent | 1,935 | 41.72 | ||
| Nasdaq Composite | Up | 2.7% | percent | 4,650 | 123.41 | ||
| 30 Year Treasury | Up | 10 | Basis Points | 2.82 | Annual Yield | ||
| U.S. house prices rose 1% in June, reflecting sales are up and the supply of properties for sale is down, according to the S&P Case-Shiller 20-city composite index. But prices are off 0.1% on a seasonally adjusted basis. Prices in June were up 5% from a year earlier. “Nationally, home prices continue to rise at a 4% to 5% annual rate, two to three times the rate of inflation,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices. Yet he also noted that builders have begun work on more homes, a trend that could help stabilize prices. | |||||||
| Chinese stocks tumbled Tuesday, bringing two-day losses to more than 15%. The Shanghai Composite finished down 7.6% at 2964.97 and fell as much as 8.2% in the afternoon. China’s main index fell below 3,000 for the first time since December 2014. That follows a drop of 8.5% drop on Monday, the worst single-day loss in more than eight years. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-rise-1-in-june-sp-case-shiller-shows-2015-08-25 | |||||||
| http://www.marketwatch.com/story/more-volatility-for-asian-markets-as-shares-in-china-japan-slide-2015-08-25 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||