| This is Bill Roller of BR Capital with the KUIK Morning Market Report for Thursday, July 26. | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Up | 156 | points | 12,833 | 8:08 AM | ||
| S&P500 | Up | 1.14% | percent | 1,353 | |||
| Nasdaq Composite | Up | 1.04% | percent | 2,884 | |||
| 30 Year Treasury | Up | 0.8 | basis points | 2.48 | |||
| Purchases of previously owned homes dropped in June for the second time in the last three months, a sign of slowing in housing. The index of pending home resales decreased 1.4 percent to 99.3 after a revised 5.4 percent gain in May that was revised downward, according to the National Association of Realtors. | |||||||
| Zynga the maker of social games like Farmville on Facebook was hit by a raft of downgrades after the company reported disappointing results for the second quarter and cut its forecast for the full year. Zynga shares dropped 39% to $3.05. The stock has now lost nearly 70% of its value from its IPO price last December. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-07-26/pending-sales-of-u-s-homes-unexpectedly-fell-1-4-in-june.html | |||||||
| http://www.marketwatch.com/story/zynga-ratings-slashed-by-brokers-on-miss-2012-07-26?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||
July 26, 2012