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The KUIK Morning Market Report for Tuesday, February 27: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
44 |
points |
25,753 |
7:14 AM |
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S&P500 |
Up |
0.1% |
percent |
2,783 |
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Nasdaq Composite |
Up |
0.0% |
percent |
7,425 |
3.00 |
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30 Year Treasury |
Down |
(1) |
Basis Points |
3.14 |
Annual Yield |
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The S&P/Case-Shiller national index rose a seasonally adjusted 0.7% in the fourth quarter, and was up 6.4% compared to 2016. The 20-city index rose a seasonally adjusted 0.6% for the month, and 6.3% for the year. Economists expected 0.7% for the month. Strong demand and thin supply of new and previously-owned homes keep pushing prices higher. Portland prices are up 0.2% for the month and 6.8% for the year and Seattle is up 0.6% and 12.7% respectively. Seattle prices are now 24% higher than they were at the height of the bubble, while in Las Vegas, they’re still 27% lower than the 2006 peak. |
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The Commerce Department reports durable-goods orders fell 3.7% in January for the biggest drop since last summer most due to an expected drop in commercial airplane orders. Business investment fell for a second straight month, the first time that’s happened since the first quarter of 2016. |
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Sign up for a Social Security and Retirement Analysis at 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-december-case-shiller-shows-2018-02-27 |
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For today’s Morning Market Report click to listen-> |
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