|
The KUIK Market Update for Wednesday, February 28: |
|||||||
|
|
|||||||
|
Markets are flat. |
|||||||
|
|
|||||||
|
Index |
Direction |
Change |
Units |
Index |
Time |
Change |
|
|
Dow Jones Industrial Average |
Up |
2 |
points |
25,412 |
8:26 AM |
||
|
S&P500 |
Up |
0.1% |
percent |
2,747 |
2.00 |
||
|
Nasdaq Composite |
Up |
0.1% |
percent |
7,341 |
|||
|
30 Year Treasury |
Down |
(2) |
Basis Points |
3.15 |
Annual Yield |
||
|
|
|||||||
|
The National Association of Realtors reports it’s index of pending-home sales fell 4.7% to 104.6 in January. That’s the lowest reading since October 2014, and the biggest monthly drop since 2010. December was revised down, and index is 3.8% below a year-ago. Economists expected a 0.3% increase. NAR called the lack inventory a “crisis” when it reported on existing-home sales in January. Realtors are seeing lots of buyer traffic, even as the number of available listings at the end of January was at an all-time low for the month and 9.5% lower than a year ago, a number it called “startling." |
|||||||
|
MNI Indicators reports its Chicago Puchasing Managers Index for February fell to a six month low of 61.9, down from January’s 65.7. Readings over 50 indicate improving conditions, so there still strong activity but firms reported slower incoming orders and output. |
|||||||
|
|
|||||||
|
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. |
|||||||
|
www.marketwatch.com/story/chicago-pmi-slips-to-six-month-low-in-february-2018-02-28 |
|||||||
|
For today’s Market Update Report click to listen-> |
|
||||||