Market Update Report 3/26/2013 | Beacon Rock Wealth Advisors

The KUIK Market Update for Tuesday, March 26:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	75	points	14,524	7:48 AM
S&P500	Up	0.36%	percent	1,557		5.66	points
Nasdaq Composite	Up	0.21%	percent	3,242		6.79	points
30 Year Treasury	Up	1	Basis Points	3.15	Annual Yield

The Commerce Department reports durable-goods orders climbed 5.7% last month to a seasonally adjusted $232.1 billion after a revised 3.8% drop in January. Economists polled by MarketWatch forecast a 4.6% gain, largely because of a snapback in bookings for Boeing commercial jets. Orders outside of transportation fell 0.5% to mark the first decline in six months. with mst of the decrease was concentrated in fabricated metals (-4.4%), heavy machinery (-2.2%) and network-communications equipment (-7.6%).

U.S. home prices edged up in January to make the year-on-year improvement the fastest in more than six years. The S&P/Case-Shiller 20-city composite index nudged up 0.1% to take the year-on-year gain to 8.1%. The level is the highest since Sept. 2010, and the growth rate is the strongest since June 2006. Prices rose by 1% in January on a seasonally adjusted basis.

Confidence among U.S. consumers fell more than forecast in March as Washington’s budget battle soured Americans’ views of the economic outlook. The Conference Board’s index declined to 59.7 from a revised three-month high of 68 in February. Economists surveyed by Bloomberg projected the March measure would fall to 67.5.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/orders-for-big-ticket-us-goods-jump-57-2013-03-26
http://www.marketwatch.com/story/us-home-price-growth-at-six-year-high-2013-03-26
http://www.bloomberg.com/news/2013-03-26/u-s-stock-futures-rise-before-report-on-house-prices.html


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