| The KUIK Market Update for Friday, July 17: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (69) | points | 18,051 | 8:14 AM | ||
| S&P500 | Down | -0.1% | percent | 2,122 | (2.06) | ||
| Nasdaq Composite | Up | 0.6% | percent | 5,193 | 29.57 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.09 | Annual Yield | ||
| The Commerce Department report housing starts in the U.S. jumped 10% in June to an annual pace of 1.17 million, led by a surge in construction on apartments which hit the highest level since 1987. Economists expected a seasonally adjusted 1.11 million. Permits for new construction, a sign of future demand, rose to an annual rate of 1.34 million – the highest level in eight years. | |||||||
| Consumer sentiment fell to a preliminary July read of 93.3 down from June’s final 96.1, according to the University of Michigan survey. Economists expected 95. Economists follow sentiment for clues about future consumer spending. Consumer-sentiment gauge averaged 86.9 over the year leading up to the recession. | |||||||
| Gold futures are lower, a day after closing at an eight-month low, pressured by expectations for a Federal Reserve rate hike and optimism over the Greek bailout. August gold is off 0.1%, to $1,142.70 an ounce, and on track for a 1.3% weekly decline. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-jump-10-in-june-to-117-million-rate-2015-07-17 | |||||||
| http://www.marketwatch.com/story/umich-sentiment-falls-to-933-in-july-reports-say-2015-07-17-1091152?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/gold-hovering-near-8-month-low-2015-07-17 | |||||||
| For today’s Market Update Report click to listen-> | |||||||