| The KUIK Market Update for Monday, March 23: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 41 | points | 18,169 | 8:54 AM | ||
| S&P500 | Up | 0.1% | percent | 2,110 | 2.32 | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,022 | (4.50) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.51 | Annual Yield | ||
| Greek stocks clung to gains, with the Athex Composite up 2.2% at 760. The Financial Times reports Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel will meet in Berlin today to discuss Greece’s debt problems. Ahead of the meeting, Tsipras said it would be “impossible” for Greece to service its debt in the next few weeks without short-term financial aid from the EU. | |||||||
| Sales of existing homes rose 1.2% in February to a seasonally adjusted annual rate of 4.88 million, according to the National Association of Realtors. Thatn was below expectations. Economists expected an increase to 4.94 million in February up from 4.82 million in January. Existing home sales remain soft, stuck below the 5 million unit rate for two-and-a-half years. The median sales price of used homes hit $202,600 in February, up 7.5% from the year-earlier period for the biggest gain in a year. February’s inventory was 1.89 million existing homes for sale, a 4.6-month supply at the current sales pace. The number of homes available was down 0.5% from the year-earlier. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-move-back-from-lofty-levels-2015-03-23 | |||||||
| http://www.marketwatch.com/story/february-existing-homes-rise-to-488-million-rate-but-stay-below-expectations-2015-03-23?link=MW_latest_news | |||||||
| For today’s Market Update Report click to listen-> | |||||||