| The KUIK Market Update for Tuesday, October 27: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (56) | points | 17,568 | 7:35 AM | ||
| S&P500 | Down | -0.5% | percent | 2,062 | (9.22) | ||
| Nasdaq Composite | Down | -0.4% | percent | 5,016 | (18.70) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.84 | Annual Yield | ||
| U.S. home prices rose 0.4% in August to stretch year-on-year gains to 5.1%, according to the S&P/Case-Shiller 20-city composite. Eighteen out of 20 cities reported monthly gains. After seasonal adjustments, five were down, 11 were up, and four were unchanged. Portland had the strongest monthly gain up 1.1% and is up 9.4% for the year. Seattle was up 0.3% for the month and 7.6% for the year. | |||||||
| The Conference Board said reports that consumer confidence in October fell to 97.6, down from a revised 102.6 in September. Economists expected 102.1. | |||||||
| Service sector output growth fell to a nine-month low in October, according to the Markit Flash U.S. services purchasing managers index released Tuesday. The index fell to 54.4 in October from 55.1 in September, which means it’s still above the 50 mark indicating growth. Markit attributed the slowdown to slowing new business growth and more cautious spending patterns. | |||||||
| 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-us-house-prices-as-denver-surge-continues-2015-10-27 | |||||||
| http://www.marketwatch.com/story/us-consumer-confidence-retreats-in-october-to-976-2015-10-27 | |||||||
| http://www.marketwatch.com/story/services-sector-gauge-at-lowest-level-since-january-markit-2015-10-27 | |||||||
| For today’s Market Update Report click to listen-> | |||||||