| The KUIK Market Update for Monday, September 21: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 186 | points | 16,573 | 7:56 AM | ||
| S&P500 | Up | 1.1% | percent | 1,979 | 20.57 | ||
| Nasdaq Composite | Up | 1.1% | percent | 4,878 | 50.48 | ||
| 30 Year Treasury | Up | 7 | Basis Points | 3.00 | Annual Yield | ||
| The Stoxx Europe 600 index rose 0.2% to 355.54, after closing with its largest one-day loss since September 4 last Friday. The drop came after the U.S. Federal Reserve cited concerns about a slowdown in the global economy in its decision to keep interest rates at a record low. | |||||||
| Sales of previously owned homes in the U.S. fell 4.8% in August to 5.31 million annually, for the first drop in four months, according to the National Association of Realtors The July sales rate was revised down slightly to a seasonally adjusted 5.58 million, but still the highest level in eight years. Economists expected 5.52 million. The median price was up 4.7% from a year ago to $228,700 . Inventories of existing homes on the market rose 1.3% to 2.29 million, and that is 5.2 months’ supply at current sales trends. Sales fell in all major regions except the Northeast, where they were unchanged. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-rebound-from-worst-drop-in-two-weeks-2015-09-21 | |||||||
| http://www.marketwatch.com/story/sales-of-existing-home-sales-drop-48-in-august-2015-09-21 | |||||||
| For today’s Market Update Report click to listen-> | |||||||