| The KUIK Morning Market Report for Tuesday, September 24: | |||||||
| Markets have opened mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (31) | points | 15,369 | 7:04 AM | ||
| S&P500 | Down | -0.27% | percent | 1,697 | (4.66) | ||
| Nasdaq Composite | Down | -0.15% | percent | 3,760 | (5.75) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.72 | Annual Yield | ||
| S&P reported U.S. home prices in July rose at the smallest monthly pace since March as fifteen cities out of the twenty tracked by the S&P/Case-Shiller Housing Index saw slower growth as higher mortgage rates are hitting the housing market. Home prices grew 12.4% annually in July, the fastest pace since 2006 but home prices in were about 21% below their 2006 peak. | |||||||
| Tech stocks were in mixed territory in early trading. Apple rose slightly, and Facebook is up by 2% on rating upgrades. Red Hat is down, with the open-source software company’s stock falling more than 11% on weak sales. Applied Materials shares rose 7.5%, to $17.19, after the semiconductor equipment maker said it would merge with Tokyo Electron. Applied is paying $9.39 billion in stock in the largest deal for a Japanese company from outside the country in six years. | |||||||
| Consumer confidence was just released. It was 79.7 in September, down frm 81.8 in August, in line with expectations. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-price-growth-edging-down-case-shiller-says-2013-09-24 | |||||||
| http://www.marketwatch.com/story/apple-facebook-lead-mild-tech-gains-2013-09-24?link=MW_story_latest_news | |||||||
| For today’s Morning Market Report click to listen-> | |||||||