| The KUIK Market Update for Tuesday, October 1: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 67 | points | 15,197 | 8:04 AM | ||
| S&P500 | Up | 0.71% | percent | 1,693 | 11.86 | ||
| Nasdaq Composite | Up | 0.86% | percent | 3,804 | 32.32 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.72 | Annual Yield | ||
| Congress was unable to reach a budget compromise before the midnight Monday deadline for funding the government so lawmakers shut it down for the first time in seventeen years. The White House announced that President Obama will deliver a statement from the Rose Garden on this morning at 9:25 p.m. Pacific time. | |||||||
| The Institute for Supply Management reported its purchasing managers index rose to 56.2% from 55.7% in August, topping the 55% expected by economists, highest level since April 2011. New orders fell 2.7 points to 60.5%, while production edged up 0.2 points to 62.6% and employment rose 2.1 points to 55.4%. Readings above 50 indicate expansion. | |||||||
| Real estate analysis firm Corelogic reports home prices, including distressed sales, rose about 0.9% in August and were up 12.4% from August of 2012, the highest annual rate since February 2006. Excluding short sales and other distressed properties, prices rose 1% in August, and were up 11.2% from the year-earlier period, also hitting their fastest annual rate. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/obama-to-deliver-statement-this-afternoon-2013-10-01 | |||||||
| http://www.marketwatch.com/story/september-ism-factory-index-hits-2-year-high-2013-10-01?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/home-price-growth-fastest-in-more-than-seven-years-2013-10-01 | |||||||
| For today’s Market Update Report click to listen-> | |||||||