The KUIK Morning Market Report for Tuesday, April 25:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
202
points
20,966
7:05 AM
S&P500
Up
0.6%
percent
2,389
14.59
Nasdaq Composite
Up
0.6%
percent
6,018
33.81
30 Year Treasury
Up
2
Basis Points
2.95
Annual Yield
Home demand is hot, especially here in the Pacific Northwest. The S&P/Case-Shiller 20-city index rose 5.9% in the three-months that ended in February compared to the same period a year ago, up from January’s 5.7% annual rate. This is the fastest pace since July 2014. The was up 0.4% for the month, or a seasonally adjusted 0.7%. Seattle led, up 1.9% for the month and 12.2% annually. Portland was up 0.8% for the month and 9.7% for the year.
The dollar surged this morning against the Mexican peso after President Trump tweeted that he remains committed to building a wall along the Mexican border. The dollar rose 1.4% to 18.99, its strongest level in a month, after trading at 18.73 late Monday in New York. On Monday, Trump told a group of reporters that he would drop his demand that funding for the border wall be included in a bill that must be passed by the weekend to avert a government shutdown. Instead, he said, his administration will return to the issue in September.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
