| The KUIK Market Update for Monday, October 28: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (24) | points | 15,465 | 8:06 AM | ||
| S&P500 | Down | -0.06% | percent | 1,759 | (1.14) | ||
| Nasdaq Composite | Down | -0.37% | percent | 3,929 | (14.44) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.60 | Annual Yield | ||
| The Federal Reserve reports Industrial production rose 0.6% in September, for the biggest monthly gain in seven months. Economists expected only .1%. Overall industrial production increased at a 2.3% annualized growth rate in the third quarter better than the 1.1% gain in the second quarterm and was led by utilities output, which rose 4.4% after five months of declines. | |||||||
| The National Association of Realtors reports pending-home sales fell 5.6% in September — a fourth month of declines — to hit the lowest level since December. Pending sales of homes were down across the country in September, with a monthly decline of 9.6% in the Northeast, 9% in the West, 8.3% in the Midwest and 0.4% in the South. September is the first period in more than two years that pending sales weren’t higher than year-earlier levels, and home sales could be lower in the fourth quarter, said Lawrence Yun, NAR’s chief economist. However, NAR expects this year’s sales of existing homes to be up 10% from last year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-production-improves-in-september-2013-10-28 | |||||||
| http://www.marketwatch.com/story/pending-home-sales-fall-56-in-september-2013-10-28-109101 | |||||||
| For today’s Market Update Report click to listen-> | |||||||