| The KUIK Market Update for Monday, October 26: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (14) | points | 17,632 | 8:06 AM | ||
| S&P500 | Down | -0.2% | percent | 2,071 | (3.68) | ||
| Nasdaq Composite | Up | 0.2% | percent | 5,040 | 8.51 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.87 | Annual Yield | ||
| European stocks ended lower today, easing from the two-month high last week after China cut interest rates and the European Central Bank signaled more stimulus. The Stoxx Europe 600 fell 0.2% to 376.55, with only telecomm gaining ground. | |||||||
| FedEx said today that it expects shipments during the holiday period between the day after Thanksgiving, and Christmas Eve to rise 12.4% above a year ago to 317 million shipments. The company will add 55,000 employees for the holidays. | |||||||
| The Commerce Department reports that sales of new homes fell 11.5% in September to an annual rate of 468,000. That’s the lowest level in 10 months, and due to a 62% drop in the Northeast. Economists expected an annual rate of 550,000. The median price of a new home in September was 13.5% higher compared to a year ago. New-home purchases are still up 2% in compared to September 2014. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-giving-back-gains-after-reaching-two-month-high-2015-10-26 | |||||||
| http://www.marketwatch.com/story/fedex-expects-holiday-shipments-to-increase-124-2015-10-26 | |||||||
| http://www.marketwatch.com/story/new-home-sales-slump-115-in-september-2015-10-26 | |||||||
| For today’s Market Update Report click to listen-> | |||||||