The KUIK Closing Market Report for Monday, February 29:
Markets ended down.
Index Direction Change Units Index Time Change
Dow Down (123) points 16,517 3:09 PM
S&P500 Down -0.8% percent 1,932 (15.82)
Nasdaq Composite Down -0.7% percent 4,558 (32.52)
30 Year Treasury Down (2) Basis Points 2.62 Annual Yield
Pending home sales fell 2.% in January according to the National Association of Realtors. Economists expected a 0.5% gain. NAR says the decline reflects some impact from the blizzard on the East coast in January, but also the strong acceleration in home prices, and lean inventory.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/pending-home-sales-fall-25-in-january-2016-02-29
For today’s Closing Market Report click to listen->