| The KUIK Market Update for Tuesday, October 29: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 47 | points | 15,617 | 8:00 AM | ||
| S&P500 | Up | 0.17% | percent | 1,765 | 2.91 | ||
| Nasdaq Composite | Down | -0.10% | percent | 3,936 | (3.78) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.62 | Annual Yield | ||
| The Commerce Department reported that retail sales decreased a seasonally adjusted 0.1% in September. Sales at auto dealers fell 2.2%, the biggest drop in nearly a year. The report was delayed for several weeks because of the government shutdown earlier this month. Sales of cars and trucks fell to an annual rate of 15.2 million units from a nearly six-year high of 16 million in August. Excluding cars, retail sales climbed 0.4%, the third biggest increase of the year. | |||||||
| The Conference Board’s gauge of consumer confidence fell to 71.2 in October from 80.2 in September. Economists polled by MarketWatch expected an October reading of 75, compared with September’s original estimate of 79.7. | |||||||
| Home prices in August were up 12.8% from the August of 2012, the fastest pace since early 2006, according to the S&P/Case-Shiller Index of 20 cities. Of the 20, 13 posted double-digit annual gains. However, there are signs of softening. Home prices rose 1.3% in August, the smallest monthly gain since March, as 16 of the 20 cities saw slower growth. After seasonal adjustments, home prices in August rose 0.9%, below a recent peak of 1.9% in March. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-retail-sales-fall-slightly-in-september-2013-10-29 | |||||||
| http://www.marketwatch.com/story/consumer-confidence-lowest-in-six-months-2013-10-29 | |||||||
| http://www.marketwatch.com/story/cooling-signs-seen-in-house-price-growth-2013-10-29 | |||||||
| For today’s Market Update Report click to listen-> | |||||||