The KUIK Market Update for Wednesday, December 23:
Markets are up.
Index Direction Change Units Time
Dow Up 145 points 17,563 8:07 AM
S&P500 Up 0.9% percent 2,056
Nasdaq Composite Up 0.6% percent 5,032
30 Year Treasury Up 5 Basis Points 3.01 Annual Yield
The Commerce Department reports that orders for durable goods were unchanged in November. That follows a 2.9% increase in October. They would have fallen 1.5% if not for an large increase in orders from the Pentagon. Orders for new cars and trucks rose 1.5% but there was a 22.2% drop in bookings for commercial jets. Orders minus transportation fell 0.1%. Orders for core capital-goods, which do not include aircraft and defense, fell 0.4% in November after two months of gains but have fallen 1.8% over the past year.
Sales of new homes in November rose to a seasonally adjusted annual rate of 490,000, according to the Commerce Department. That’s up 4.3% from a revised 470,000 rate in October and up 9.1% compared to a year ago. Sales were mixed across the regions. Down 28.6% in the Northeast, but up 20.5% in the West. Down 8.6% in the Midwest, and up 4.5% in the South. The median price jumped 6.3% to $305,000.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/orders-for-durable-goods-flatline-in-november-2015-12-23
http://www.marketwatch.com/story/new-home-sales-rise-43-to-490000-annual-rate-2015-12-23
For today’s Market Update Report click to listen->