| The KUIK Morning Market Report for Tuesday, July 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 44 | points | 17,485 | 7:05 AM | ||
| S&P500 | Up | 0.3% | percent | 2,074 | 5.93 | ||
| Nasdaq Composite | Up | 0.1% | percent | 5,043 | 2.73 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.98 | Annual Yield | ||
| U.S. house prices rose 1.1% in May, supported by the spring sales market, with gains in all cities tracked by the Case-Shiller 20-city composite index. Prices fell 0.2% after seasonal adjustment. Home prices in May were up 4.9% from a year earlier, slightly slower than April’s annual growth of 5%. Denver saw the fastest year-over-year home-price growth in May, hitting 10%. Portland and Seattle were both up 1.4% for the month and 7.4% annually. | |||||||
| The Shanghai Composite Index finished down 1.7% at 3663, having fallen as much as 5% and risen as much as 1% earlier. The index has lost 11% since Friday and is down nearly 30% from its mid-June high. The smaller Shenzhen Composite closed off 2.2% at 2111.70, after falling more than 6% earlier Tuesday. Government measures to step up purchases of stocks, announced late Monday, appeared to reassure some investors, shaken earlier by the steep losses the day before. | |||||||
| 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-2015-07-28 | |||||||
| http://www.marketwatch.com/story/china-shares-weak-a-day-after-record-plunge-2015-07-28 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||