The KUIK Morning Market Report for Tuesday, December 26:
Markets are flat.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
8
points
24,763
7:21 AM
S&P500
Down
-0.1%
percent
2,681
0.36
Nasdaq Composite
Down
-0.5%
percent
6,928
(0.72)
30 Year Treasury
Down
(2)
Basis Points
2.82
Annual Yield
Amazon.com said it had a strong holiday season, with Prime memberships up. In one week during the holiday period, more than four million people began either trial or paid memberships to Prime. Amazon’s Echo Dot speaker and Fire TV Stick with Alexa remote were the site’s best-sellers,
Home prices are up. The S&P/Case-Shiller national index rose a seasonally adjusted 0.7% in the three-months that ended in October. It’s up 6.2% compared to the same period a year ago. The 20-city index also rose a seasonally adjusted 0.7% for the month and it’s up 6.4% for the year. Seattle was up 12.7% for the year but was off 0.1% for October. Portland was up 7.1% for the year and off 0.3% for the month.
Gold is up, on track for its best gain in three weeks. February gold is up 0.56% to $1286.00 on the Comex.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
