| The KUIK Morning Market Report for Tuesday, December 3: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (44) | points | 15,965 | 7:10 AM | ||
| S&P500 | Down | -0.11% | percent | 1,799 | (1.95) | ||
| Nasdaq Composite | Up | 0.11% | percent | 4,050 | 4.26 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.85 | Annual Yield | ||
| U.S. stock indexes opened lower today, undercut by expectations the Federal Reserve could begin to trim its bond purchases sooner than expected and concerns that Wall Street’s record rally is overdue for a pullback. | |||||||
| Corelogic reports U.S. home prices rose 0.2% in October, for 12.5% year-on-year growth. Taking out distressed sales, prices are up 0.4% on a monthly basis and 11% year-on-year. The CoreLogic pending home-price index indicates no increase in November home prices over October.and 12.2% on a year-over-year basis. | |||||||
| Is it real life or is it just fantasy? Amazon CEO Jeff Bezos on 60 Minutes Sunday outlined plans to have drones deliver packages for Prime customers that weigh up to 5 pounds in 30 minutes as early as 2018 or 2019. A Senate committee plans to take a look at the use of drones in the U.S. economy early next year. Sen. Jay Rockefeller, a West Virginia Democrat who leads the Senate Commerce, Science and Transportation Committee, said in a statement that he wants to explore “the potential economic benefits of unmanned vehicles in our airspace as well as the potential risks they may create.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-stocks-open-lower-on-taper-worries-2013-12-03?dist=markets | |||||||
| http://www.marketwatch.com/story/us-home-prices-rise-02-in-october-corelogic-2013-12-03 | |||||||
| http://www.zdnet.com/amazons-drone-delivery-concept-pr-stunt-or-real-innovation-7000023833/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||