| The KUIK Market Update for Tuesday, April 28: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (34) | points | 18,013 | 8:05 AM | ||
| S&P500 | Down | -0.1% | percent | 2,107 | (2.22) | ||
| Nasdaq Composite | Down | 0.0% | percent | 5,058 | (1.91) | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.65 | Annual Yield | ||
| The S&P/Case-Shiller 20-city composite showed February growth of 0.5%, and the fastest year-over-year appreciation in six months. Denver at 10% and San Francisco at 9.8% had the highest year-over-year gains. Portland is up 0.7% for February at 7.1% annually. Seattle is up 0.9% for February and matched Portland’s 7.1%. Denver and Dallas have pushed past their 2006 housing boom peaks, while Las Vegas is still down 42% from its peak. | |||||||
| A severe liquidity crisis threatens to shut down Puerto Rico’s government. The island territory has been labeled “America’s Greece.” Its $73 billion in bonds trading in the U.S. municipal-bond market carry junk ratings and are trading at record-high yields. In a letter last week, the island‘s Government Development Bank said the government would likely shut down in three months, unless lawmakers agree on a financing deal that would see the island double its sales tax in an effort to balance its budget and allow it to sell $2.9 billion in new bonds. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/city-by-city-look-at-house-prices-as-dallas-denver-reach-highs-2015-04-28 | |||||||
| http://www.marketwatch.com/story/puerto-rico-hurtles-toward-default-2015-04-27?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||