| The KUIK Morning Market Report for Tuesday, March 3: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (78) | points | 18,214 | 7:03 AM | ||
| S&P500 | Down | -0.5% | percent | 2,108 | (9.67) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,982 | (25.90) | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 2.69 | Annual Yield | ||
| Corelogic reports U.S. home prices jumped 1.1% in January to take the year-over-year gain to 5.7%. CoreLogic said 27 states and the District of Columbia are at or within 10% of their peak. Colorado had the biggest year-over-year state gain of 9.1%, and Houston at 10.9% had the biggest gain for a major metropolitan area. | |||||||
| Patrick Harker, who will take over as President of the Philadelphia Federal Reserve Bank in July, has strong views on higher-education. He is currently the head of the University of Delaware. In an op-ed written last month for the Philadelphia Inquirer, he said there is a crisis coming in higher education. “America’s universities are pricing themselves out of the reach of the middle class,” he wrote, ending his column by saying they could become extinct if they don’t change. Harker says with an average in-state cost of $27,900 and out-of-state cost of $40,000, parents are being forced to choose between their future and their children’s. He says universities need to efficiently use a mixture of tenured and nontenured instructors and technology to teach basic classes. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-jump-11-in-january-corelogic-says-2015-03-03 | |||||||
| http://www.marketwatch.com/story/incoming-philly-fed-chief-says-universities-may-become-extinct-2015-03-02 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||