| The KUIK Market Update for Tuesday, October 6: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 25 | points | 16,801 | 8:05 AM | ||
| S&P500 | Down | -0.3% | percent | 1,981 | (5.94) | ||
| Nasdaq Composite | Down | -0.8% | percent | 4,745 | (36.40) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.89 | Annual Yield | ||
| The Commerce Department reports the U.S. trade deficit jumped almost 16% in August to $48.3 billion, largely because of a strong dollar that reduced exports to their lowest level in three years. The U.S. saw an increase in imports tied to the release of the latest iPhones and other consumer electronics. Economists expected a seasonally adjusted $48.1 billion. Exports fell 2% to $185.1 billion in August. Much of the decline resulted from fewer sales overseas of U.S.-produced petroleum and other industrial supplies. | |||||||
| U.S. home prices rose 1.2% in August extending the 12-month gain to 6.9%, according to CoreLogic. Including sales of distressed properties, Colorado was fastest at 10.4%, Washington state number 2 at 10.3%, and Oregon number 4 at 9.1%. Mississippi was the only state where prices fell, down 0.9% in the 12 months to August. CoreLogic forecasts home price growth to slow to 4.3% in the next year, due to higher mortgage rates and more housing starts. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-leaps-16-in-august-to-483-billion-2015-10-06 | |||||||
| http://247wallst.com/housing/2015/10/06/august-home-prices-rise-in-49-states/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||