Market Update Report 3/27/2018

  

The KUIK Market Update for Tuesday, March 27:

   

Markets are up.

 

Index

Direction

Change

Units

Index

Time

Change

Dow Jones Industrial Average

Up

                    77

 points

          24,280

7:56 AM

S&P500

Up

0.1%

percent

            2,662

Nasdaq Composite

Up

0.1%

percent

            7,228

     (1.50)

30 Year Treasury

Down

                     (1)

Basis Points

              3.06

Annual Yield

 

The S&P/Case-Shiller national index was up a seasonally adjusted 0.5% for the three-months that ended in January, and was up 6.2% compared to a year before. The 20-city index rose a seasonally adjusted 0.8% for the month, and 6.4% for the year. Prices are still on fire. And the West is still the best: Seattle led up 12.9% for the year.  Portland was up 0.4% for the month and 7.1% for the year. 

The Conference Board reports consumer confidence fell slightly in March but still near an 18-year high. The consumer confidence index fell to 127.7 from a revised 130 in February. Economists expected 131.0. Americans were less optimistic about current business conditions and the stock market after the recent selloff. They say it’s easier to find a job, though they aren’t sure it would still the case six months from now. Both the present situation future conditions indexes fell slightly.

 

Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK.

www.marketwatch.com/story/home-prices-are-still-on-fire-case-shiller-data-show-2018-03-27

www.marketwatch.com/story/consumer-confidence-retreats-in-march-but-still-near-18-year-high-2018-03-27

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