The KUIK Morning Market Report for Tuesday, July 25:
Markets are mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
83
points
21,597
7:12 AM
S&P500
Up
0.2%
percent
2,475
5.41
Nasdaq Composite
Down
0.0%
percent
6,409
(1.91)
30 Year Treasury
Up
5
Basis Points
2.88
Annual Yield
The S&P/Case-Shiller 20-city index rose 5.7% during the three months that ended in May compared to a year ago, but down 5.8% from the previous three month period. The broader national index rose 5.6% for the year in May, the same as in April. Seattle led, up 13.3% for the year and 1.8% for the month, followed by Portland, up 8.9% for the year and 1.3% for the month.
Google-parent Alphabet reported second-quarter earnings yesterday after the close. Profit and revenue beat consensus estimates. Google recognized a non-deductible $2.74 billion European Union fine in its results, lowering profit. Google said second-quarter earnings were $5.01 a share, down 28% from a year ago, with revenue rising 21% to $26 billion. Excluding the one-time charge, Google said it earned $8.90 per share.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
