The KUIK Closing Market Report for Tuesday, December 22:
Markets were up.
Index Direction Change Units Index Time Change
Dow Up 166 points 17,418 1:12 PM
S&P500 Up 0.9% percent 2,039 17.82
Nasdaq Composite Up 0.7% percent 5,001 32.19
30 Year Treasury Up 3 Basis Points 2.96 Annual Yield
U.S. home prices rose 0.5% in October, according to the Federal Housing Finance Agency. That was stronger than expected and September’s 0.8% gain in was revised down to 0.7%. The House Price Index is tied to prices on homes with mortgages guaranteed by Fannie Mae or Freddie Mac. It’s 6.1% higher than a year ago.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/home-prices-strengthen-05-fhfa-says-2015-12-22
For today’s Closing Market Report click to listen->