| The KUIK Morning Market Report for Tuesday, August 27: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | 62 | points | 14,884 | 6:59 AM | ||
| S&P500 | Down | -0.72% | percent | 1,645 | (11.85) | ||
| Nasdaq Composite | Down | -0.86% | percent | 3,626 | (31.62) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.75 | Annual Yield | ||
| December gold jumped .9%, to $1,419 an ounce on the Comex division of the New York Merc on fears over possible U.S. military action against Syria drew investors to safety. Gold is now up over 20% from the lows reached in late June, putting it into a bull market but gold prices are still down more than 15% this year to date. | |||||||
| U.S. home prices increased 2.2% in June, down from 2.5% in May, according to the S&P/Case-Shiller Index. Annual home-price growth hit 12.1% in June, down from 12.2% in May, when prices hit the fastest year-over-year pace since 2006. | |||||||
| Congressional leaders from both parties don’t want to repeat the brinkmanship over the debt limit that almost crippled the economy in 2011, but don’t seem to have a plan yet to avoid it, said Treasury Secretary Jack Lew today. The White House told Congress yesterday that the U.S. is set to run out of borrowing authority in mid-October. Republicans want steep spending cuts in return for raising the debt ceiling. President Barack Obama has said he won’t negotiate over the issue. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/gold-above-1400-on-syria-concerns-taper-debate-2013-08-27 | |||||||
| http://www.marketwatch.com/story/home-price-growth-slightly-moderates-in-june-2013-08-27 | |||||||
| http://www.marketwatch.com/story/lew-hill-leaders-lack-plan-to-raise-debt-limit-2013-08-27 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||