| The KUIK Market Update for Wednesday, February 27: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 89 | points | 13,989 | 8:07 AM | ||
| S&P500 | Up | 0.56% | percent | 1,505 | 8.39 | points | |
| Nasdaq Composite | Up | 0.71% | percent | 3,152 | 22.18 | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 3.06 | Annual Yield | ||
| The Commerce Department reports orders for durable goods sank 5.2% last month mainly because of less demand for commercial and military aircraft. Excluding transportation, orders for durable goods rose 1.9% and advanced for the fifth straight month. The increase was the strongest in more than a year. Orders for machinery were strong, climbing 13.5%, but demand for autos was flat and bookings for computers fell. | |||||||
| Pending home sales rose 4.5% in January to the highest level since April 2010, according to the National Association of Realtors. By region, January saw pending-home-sale gains of 8.2% in the Northeast, 5.9% in the South, 4.5% in the Midwest, and only 0.1% in the West. | |||||||
| The sun has dimmed for solar stocks. They are down a secondfollowing First Solar’s disappointing outlook and Trina Solar’s weak fourth-quarter earnings. First Solar dropped 17% to $26.06. SunPower off 9% to $10.63. Trina Solar off 4% to $4.05. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/durable-goods-orders-minus-aircraft-strong-2013-02-27 | |||||||
| http://www.marketwatch.com/story/pending-home-sales-rise-in-january-2013-02-27 | |||||||
| http://blogs.marketwatch.com/thetell/2013/02/27/solar-stocks-whacked-second-straight-day/ | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||