Closing Market Report 3/28/2018

  

The KUIK Closing Market Report for Wednesday, March 28:

 

Markets ended down.

 

Index

Direction

Change

Units

Index

Time

Change

Dow

Down

                     (9)

points

        23,848

S&P500

Down

-0.3%

percent

          2,605

Nasdaq Composite

Down

-0.9%

percent

          6,949

30 Year Treasury

Down

                     (1)

Basis Points

           3.01

Annual Yield

Pending-home sales rose 3.1% to 107.5 in February, according to the National Association of Realtors. Economists expected 3.0%. The index tracks real-estate transactions in which a contract has been signed but the transaction hasn’t closed. The rise leaves the index 4.1% lower than its level a year ago. Pendings surged 10.3% in the Northeast, up 0.7% in the Midwest, 3.0% in the South and 0.4% here in the West.

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

www.marketwatch.com/story/pending-home-sales-rebound-in-february-even-as-realtors-slash-2018-sales-forecast-2018-03-28

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