| The KUIK Market Update for Tuesday, July 30: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 44 | points | 15,566 | 8:02 AM | ||
| S&P500 | Up | 0.19% | percent | 1,689 | 3.21 | ||
| Nasdaq Composite | Up | 0.47% | percent | 3,617 | 18.00 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.65 | Annual Yield | ||
| U.S. home prices kept climbing in May. The S&P/Case-Shiller 20-city composite jumped 2.4% in May to take the year-on-year increase to 12.2%. Prices in each of the 20 cities rose by at least 1.2%, and San Francisco saw a monthly pop of 4.3%. Denver and Dallas set new highs, surpassing their pre-crisis levels and for the first time five cities posted monthly gains over 3%. They were Atlanta, Chicago, San Diego, San Francisco and Seattle. | |||||||
| The Conference Board announced the consumer confidence index dipped to 80.3 from upwardly revised 82.1 in June. Economists polled by MarketWatch expected 81.1 last month due to rising gasoline prices and stock market volatility. | |||||||
| The U.S. dollar edged higher against the euro and the Japanese yen extending a modest gain in the wake of that consumer confidence data. The Federal Reserve starts its two-day monetary-policy meeting. The Fed’s policy statement is due out tomorrow, and investors will be looking for signs about the wind-down of the central bank’s stimulus. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-jump-dallas-denver-at-record-2013-07-30 | |||||||
| http://www.marketwatch.com/story/us-consumer-confidence-dips-in-july-2013-07-30?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/dollar-rises-ahead-of-fed-meet-yen-aussie-fall-2013-07-29?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||