| The KUIK Morning Market Report for Wednesday, December 26: | |||||||
| Markets opened flat this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 22 | points | 13,160 | 7:04 AM | ||
| S&P500 | Up | 0.05% | percent | 1,427 | 0.78 | points | |
| Nasdaq Composite | Up | 0.10% | percent | 3,015 | (11.00) | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 2.93 | Annual Yield | ||
| Retail stocks are down the day after Christmas. Indications point to disappointing holiday season sales through Christmas. The Johnson Redbook Retail Sales Index, said sales month to date have missed expectations. Retailers have now shifted their merchandising focus to post Christmas clearance sales. | |||||||
| US home prices dropped slightly in October on seasonal weakness with 12 out of 20 cities seeing lower prices. The S&P/Case-Shiller 20-city composite posted a 0.1% decrease in October following a 0.2% gain in September. In Portland, prices rose 0.9% in October, and were up 5.2% from a year ago and in Seattle prices dropped 0.2% but rose 5.7% over the last year. | |||||||
| Treasury prices are unchanged in post-holiday trading, as traderes focus on whether Washington lawmakers will return to negotiate a deal to avert the most severe economic impacts from expiring tax breaks and spending measures. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/disappointing-holiday-sales-dent-retail-stocks-2012-12-26 | |||||||
| http://www.marketwatch.com/story/city-by-city-look-at-us-house-prices-2012-12-26 | |||||||
| http://www.marketwatch.com/story/treasurys-neutral-focus-on-cliff-economic-data-2012-12-26?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||