| The KUIK Market Update for Tuesday, June 23: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 20 | points | 18,140 | 8:02 AM | ||
| S&P500 | Down | 0.0% | percent | 2,122 | (0.54) | ||
| Nasdaq Composite | Down | -0.2% | percent | 5,146 | (8.43) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.18 | Annual Yield | ||
| The Commerce Department reports orders for durable goods minus defense and aircraft rose 0.4% in May for the second gain in three month. Overall orders for durable goods fell a seasonally adjusted 1.8% last month, but the drop stemmed mostly from a 35% decrease in bookings for commercial aircraft. Orders for durable goods in April, were revised to 1.5% drop instead of 1% decline. | |||||||
| New single-family homes in the U.S. sold at an annual rate of 546,000 in May, hitting the fastest pace since February 2008 according to the Commerce Department. Economists expected a 525,000 annual rate in May, compared with a prior estimate of 517,000 in April that was revised upward to 534,000. May’s pace was up 19.5% from a year earlier, signaling a healthy pick up, though recent rates remain below long-term averages. The median price of new homes, meanwhile, fell 1% from May 2014 to $282,800. The supply of new homes was 4.5 months at May’s sales pace, down from 4.6 months in April. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/businesses-cautious-as-durable-goods-orders-slip-in-may-2015-06-23 | |||||||
| http://www.marketwatch.com/story/new-home-sales-rise-22-in-may-to-fastest-pace-in-more-than-7-years-2015-06-23 | |||||||
| For today’s Market Update Report click to listen-> | |||||||