| The KUIK Market Update for Tuesday, February 5: | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 121 | points | 14,003 | 8:02 AM | ||
| S&P500 | Up | 0.96% | percent | 1,510 | 14.36 | points | |
| Nasdaq Composite | Up | 1.00% | percent | 3,163 | 31.33 | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 3.20 | 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 service-sector expanded at a slightly slower pace in January but overall growth remained solid, according to the Institute for Supply Management. The ISM said its survey of purchasing managers fell to 55.2% in January 55.7% in December. Economists expected 55.0%. Reading over 50% indicate expansion. Only eight of the 18 industries reported growth last month, down from 13 in December. Nine reported contraction. The ISM’s new-orders index fell 3.9 points to 54.4% and production dropped 4.4 points to 56.4%, but employment rose 2.2 points to 57.5% | |||||||
| 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/ism-services-index-slips-to-552-in-january-2013-02-05 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||