The KUIK Morning Market Report for Tuesday, December 29:
Markets are up.
Index Direction Change Units Time
Dow Up 166 points 17,691 6:55 AM
S&P500 Up 0.8% percent 2,073
Nasdaq Composite Up 0.8% percent 5,081
30 Year Treasury Up 4 Basis Points 2.98 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 0.9%, to $37.14 a barrel on the New York Merc. On Monday, both Nymex and Brent crude fell more than 3% after weak data out of China and Japan raised concerns about weak demand. Traders will take cues from this week’s U.S. official crude stockpiles and production data to be released tomorrow.
The Stoxx Europe 600 rallied 1% to 368.13, after losing 0.5% yesterday. The index is on track for a 4.5% slide for December, which would mark the worst December since 2002.
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://stream.marketwatch.com/story/markets/SS-4-4/SS-4-91817/
http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-91817/
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