| The KUIK Morning Market Report for Tuesday, August 6: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (90) | points | 15,523 | 6:55 AM | ||
| S&P500 | Down | -0.40% | percent | 1,700 | (6.78) | ||
| Nasdaq Composite | Down | -0.40% | percent | 3,678 | |||
| 30 Year Treasury | Up | 2 | Basis Points | 3.76 | Annual Yield | ||
| The trade gap fell 22.4% to $34.2 billion from a downwardly revised $44.1 billion in May according to the Commerce Department. Economists surveyed by MarketWatch expected the deficit to fall to $43 billion on a seasonally adjusted basis. The narrowing of the trade deficit reflected higher exports and lower imports. Imports decreased by 2.5% in June to a seasonally adjusted $225.4 billion, while exports rose 2.2% to $191.2 billion. | |||||||
| Corelogic reports home prices, including distressed sales, rose 1.9% in June, and were up 11.88% from a year earlier. In May, prices were up 11.93% from the prior year, the fastest annual growth since February 2006. Almost every state saw annual price growth in June. Nevada saw the largest year-over-year price growth, including distressed properties, at 27%. Despite that growth, prices in Nevada in June were about 44% below peak. The only two states with negative annual growth in June were Mississippi, where prices fell 2.1%, and Delaware, where they declined 1.1%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-trade-gap-in-june-smallest-since-2009-2013-08-06 | |||||||
| http://www.marketwatch.com/story/home-price-growth-near-seven-year-high-2013-08-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||