The KUIK Closing Market Report for Tuesday, July 18:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(55)
points
21,575
5:08 PM
S&P500
Up
0.1%
percent
2,461
1.47
Nasdaq Composite
Up
0.5%
percent
6,344
29.87
30 Year Treasury
Down
(4)
basis points
2.85
Annual Yield
The National Association of Home Builders monthly cofidence index fell two points to 64. June was initially reported as 67. It was revised downward by one point. Every component of the sentiment index declined.Current conditions and views of the coming six months both fell two points, to 70 and 73. The index that prospective buyers trafic fell one point to 48. Readings over 50 indicate improvement. Rising material costs, especially lumber is worrying the home builders.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
