| The KUIK Market Update for Wednesday, September 25: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 1 | points | 15,336 | 8:04 AM | ||
| S&P500 | Down | 0.00% | percent | 1,695 | (2.11) | ||
| Nasdaq Composite | Down | 0.00% | percent | 3,765 | (3.45) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.69 | Annual Yield | ||
| The Commerce Department reports orders for durable goods rose 0.1% September to a seasonally adjusted $224.9 billion after a revised 8.1% drop in July, Demand for autos surged, but bookings in other segments of the U.S. manufacturing sector were mixed. Orders for cars jumped 2.4% to $46.3 billion and sales in August rose to their fastest annual pace since December of 2007. But Boeing had just 16 orders new orders in September, down from 90 in July and 287 in June and was the smallest increase in six months | |||||||
| The Commerce Department also reported Sales of new U.S. homes rose to 7.9% — the fastest growth since the beginning of the year — to a seasonally adjusted annual rate of 421,000 in August which met expectations. The median price of new homes was $254,600 last month, up 0.6% from ta year ago, but down 0.7% from July. The supply of new homes fell to 5 months from 5.2 months in July. By region, y sales rose 19.6% in the Midwest, 15.3% in the South and 8.8% in the Northeast but fell 14.6% in the West. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/durable-goods-orders-inch-up-in-august-2013-09-25 | |||||||
| http://www.marketwatch.com/story/new-home-sales-rebound-in-august-2013-09-25?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | |||||||