| The KUIK Morning Market Report for Tuesday, February 5: | |||||||
| Markets are up after yesterday’s sell off. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 109 | points | 13,989 | 7:01 AM | ||
| S&P500 | Up | 0.76% | percent | 1,507 | 11.41 | points | |
| Nasdaq Composite | Up | 0.46% | percent | 3,146 | 14.33 | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 3.21 | Annual Yield | ||
| Marketwatch reports U.S. home prices grew 0.4% in December for a year-on-year gain to 8.3%, the strongest advance since May 2006 according to CoreLogic. CoreLogic said 46 of 50 states registered gains for the year. Arizona has the strong year-on-year appreciation at 20.2%, though prices are down 39.8% from the peak. Nationally, prices are down 26.9% from the April 2006 peak. CoreLogic’s pending index forecasts a 1% monthly drop in January, reflecting a seasonal winter slowdown. | |||||||
| The Justice Department and state prosecutors intend to file civil charges alleging wrongdoing by Standard & Poor’s Ratings Services in its rating of mortgage bonds before the financial crisis of 2008. Lawsuits by federal and state officials are expected to be filed as soon as this week and relate to the model used by S&P used to rate mortgage bonds. | |||||||
| Private-sector activity in Europe continued to shrink in January, but saw the smallest decline in 10 months, according to the Markit composite purchasing-managers’ index. The index came in at 48.6, up from 47.2 in December and above a preliminary estimate of 48.2. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/year-on-year-house-price-gain-hits-six-year-high-2013-02-05 | |||||||
| http://www.marketwatch.com/story/sp-may-face-suit-over-mortgage-bond-ratings-wsj-2013-02-04 | |||||||
| http://www.marketwatch.com/story/euro-zone-pmi-signals-downturn-eased-in-january-2013-02-05 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||