| The KUIK Morning Market Report for Tuesday, October 20: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (35) | points | 17,195 | 7:00 AM | ||
| S&P500 | Up | 0.0% | percent | 2,034 | 0.17 | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,904 | (1.86) | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.92 | Annual Yield | ||
| The Commerce Department reports construction of new homes increased 6.5% to a seasonally adjusted annual rateof 1.21 million units in September. Economists expected a 1.14 million-unit pace. After two months of declines, the gain in September brings starts back to just below June’s level, which was an eight-year high, a sign that builders are growing more confident in the economy. Starts for single-family homes, the largest share of the market, rose 0.3% to 740,000 and apartments rose 17% to a 454,000. | |||||||
| The Stoxx Europe 600 fell 0.5% to 362.49, led by pullbacks in oil and gas and basic materials. Commodity stocks extended losses from Monday, when data showed economic activity in China slowed to its lowest rate since 2009. Oil prices yesterday fell to their lowest in more than two weeks on concerns about weaker demand from China, the world’s second-largest oil consumer. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-rise-close-to-an-8-year-high-in-september-2015-10-20 | |||||||
| http://www.marketwatch.com/story/european-stocks-pull-away-from-two-month-high-2015-10-20 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||