| The KUIK Morning Market Report for Tuesday, February 24: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | 35 | points | 18,152 | 6:55 AM | ||
| S&P500 | Up | 0.0% | percent | 2,110 | 0.66 | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,955 | (6.36) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.67 | Annual Yield | ||
| House prices edged up 0.1% in December to take the year-on-year change to 4.5%, which was twice the rate of inflation, according to the S&P/Case-Shiller 20-city composite index. Miami and Denver had the largest monthly increases, while Chicago and Cleveland had the biggest drops. San Francisco had the strongest annual growth with a 9.3% gain, and Chicago saw the weakest at just 1.3%. Portland was up 0.2% for the month and 6.8% for the year. David Blitzer, chairman of the index committee at S&P Dow Jones Indices said “The regional patterns and the weakness in new construction and new sales may reflect decreasing mobility – fewer people moving to different parts of the country or seeking jobs in different regions” | |||||||
| U.S. stocks opened little changed on Tuesday as investors remained on the sidelines ahead of the first day of testimony to Congress by Federal Reserve Chairman Janet Yellen. Investors are worried that she may strike a more hawkish tone when it comes to monetary policy and interest rates, considering an improving labor market. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-price-growth-last-year-doubled-inflation-case-shiller-index-finds-2015-02-24 | |||||||
| http://www.marketwatch.com/story/us-stocks-open-little-changed-ahead-of-yellen-testimony-2015-02-24 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||