The KUIK Morning Market Report for Tuesday, October 25:
Markets are mixed.
Index
Direction
Change
Units
Time
Dow
Up
18
points
18,241
7:07 AM
S&P500
Unchanged
0.0%
percent
2,151
Nasdaq Composite
Down
0.0%
percent
5,309
30 Year Treasury
Down
(1)
Basis Points
2.51
Annual Yield
U.S home prices rose 0.4% in August, and were up 5.1% compared to a year ago, according to the S&P CoreLogic Case-Shiller 20-City index. Portland was up 0.4% for the monthbut leads the pack for the year up 11.7%. Seattle is number two for the year. It’s up 0.5% for the month and 11.4% for the year.
Greece’s creditors approved a €2.8 billion ($3.04 billion) disbursement to the country after the government completed a round of economic reform. It marks the end of the first review of Greece’s €86 billion bailout, approved last summer on fears the country would default and leave the eurozone. The Board of Directors of the European Stability Mechanism said in a press release that Greece “has completed key milestones in the area of pension reform, bank governance, the energy sector, and revenue collection.”
Apple reports earnings after the close. Analysts expect earnings at the high-end of its fourth-quarter forecast, aided by the iPhone 7 launch and new customers switching from Android after Samsung Electronics’ exploding Note 7 troubles. But they also project the third-straight quarterly decline in iPhone unit sales.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
