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The KUIK Morning Market Report for Tuesday, January 30: |
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Markets are down. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Down |
(267) |
points |
26,173 |
6:53 AM |
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S&P500 |
Down |
-0.9% |
percent |
2,828 |
0.84 |
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Nasdaq Composite |
Down |
-0.9% |
percent |
7,395 |
(0.46) |
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30 Year Treasury |
Up |
3 |
Basis Points |
2.97 |
Annual Yield |
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The S&P/Case-Shiller 20-city index rose a seasonally adjusted 0.7% in the three-month period ending in November, and was up 6.4% compared to a year before. The national index rose a seasonally adjusted 0.7% for the month, and 6.2% for the year. Seattle led, up 12.7% for the year. Portland was up 6.9%. |
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Bloomberg reports Amazon.com, Warren Buffett’s Berkshire Hathaway and JPMorgan Chase said they plan to collaborate on a way to offer health-care services to their U.S. employees more transparently and at a lower cost. The three companies plan to set up a new independent company “that is free from profit-making incentives and constraints,” according to a short statement. The move sent shares of health-care stocks falling in early trading. Express Scripts and CVS Health, which manage pharmacy benefits, fell 6.7% and 5.5%. Health insurers Cigna and Anthem are also down. |
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For a free Social Security and Retirement Analysis go to brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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www.marketwatch.com/story/home-prices-accelerated-in-november-case-shiller-shows-2018-01-30 |
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For today’s Morning Market Report click to listen-> |
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