| The KUIK Market Update for Tuesday, March 5: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 138 | points | 14,265 | 8:03 AM | ||
| S&P500 | Up | 1.07% | percent | 1,542 | 16.31 | points | |
| Nasdaq Composite | Up | 1.22% | percent | 3,221 | 38.79 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 3.11 | Annual Yield | ||
| U.S. home prices advanced by 0.7% in January to stretch the year-on-year advance to 9.7%. This is the largest year-on-year gain since April 2006, according to CoreLogic. From the peak, prices nationally have shrunk by 26.4%, or a 19.9% when you take out foreclosures and short sales. All but two states, Delaware and Illinois, are experiencing year-over-year price gains. Arizona led the way with a 20.1% gain. | |||||||
| U.S. service-sector companies grew at faster pace in February and expanded for the 39th straight month, according to the Institute for Supply Management. The ISM said its survey of purchasing managers rose to 56% last month from 55.2% in January. Economists polled by MarketWatch had expected the index to remain unchanged. Reading over 50% indicate expansion. Thirteen of the 18 industries tracked reported growth last month, up from eight in January. The new-orders index rose 3.8 points to 58.2% and production rose 0.5 point to 56.9%, while employment dropped 0.3 points to 57.2%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-extend-gains-in-january-2013-03-05 | |||||||
| http://www.marketwatch.com/story/ism-services-company-index-climbs-in-february-2013-03-05?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||