| The KUIK Market Update for Tuesday, July 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Up | 70 | points | 15,045 | 7:59 AM | ||
| S&P500 | Up | 0.54% | percent | 1,624 | |||
| Nasdaq Composite | Up | 0.45% | percent | 3,451 | |||
| 30 Year Treasury | Down | (3) | Basis Points | 3.46 | Annual Yield | ||
| The Commerce Department reports orders for goods produced in U.S. factories climbed 2.1% in May. Economists surveyed by MarketWatch expected 1.9%. Factory orders rose a revised 1.3% in April, up from a 1.0% estimate. Orders for durable goods – products meant to last at least three years – rose 3.7% in May and nondurable goods edged up 0.7%. | |||||||
| Corelogic reports home prices, including distressed sales, rose 2.6% in May, and were up 12.2% from a year ago, the largest annual growth since February 2006. Excluding short sales and other distressed properties, prices rose 2.3% in May, and were up 11.6% from May 2012. | |||||||
| Oil is up on worries over turmoil in Egypt. August crude is up 0.8%, to $98.80 a barrel on the New York Merc. But gold fell on that better than expected factory orders data, pulling back from a nearly 4% climb over the past two trading sessions. August gold fell 0.9%, to $1,244.80 an ounce on the Comex. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-factory-orders-climb-21-in-may-2013-07-02?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/home-price-growth-fastest-in-seven-years-2013-07-02 | |||||||
| http://www.marketwatch.com/story/gold-prices-make-modest-move-higher-2013-07-02?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||