The KUIK Market Update for Tuesday, December 29:
Markets are up.
Index Direction Change Units Time
Dow Up 156 points 17,682 7:39 AM
S&P500 Up 0.9% percent 2,074
Nasdaq Composite Up 0.9% percent 5,089
30 Year Treasury Up 6 Basis Points 3.00 Annual Yield
The S&P/Case-Shiller 20-city composite index rose 0.1% for the three-month period ending in October, for a 5.5% annual gain, up from 5.4% in September. Denver, San Francisco and Portland all grew at 10.9% year-over-year.
Oil futures are higher, taking back some of the ground lost yesterday. Trading is expected to be subdued ahead of the New Year holiday. February crude is up 2.4%, to $37.69 a barrel on the New York Merc. February natural gas is up 6.1% to $2.36 per million BTU’s in the wake of winter storms and forecasts for colder weather in the U.S.
Consumer confidence rebounded more sharply than expected in December after a sharp drop in November. The Conference Board reports the consumer confidence index rose to 96.5 from a revised 92.6 in November, which was the lowest level since July. Economists expected 93.5. Both the present situation and future expectations indices rose.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
https://www.spice-indices.com/idpfiles/spice-assets/resources/public/documents/282559_cshomeprice-release-1229.pdf?force_download=true
http://www.marketwatch.com/story/crude-selloff-on-pause-as-traders-focus-on-stockpiles-data-2015-12-29
http://www.marketwatch.com/story/consumer-confidence-improves-in-december-2015-12-29?dist=lcountdown
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