| The KUIK Market Update for Tuesday, December 31: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 44 | points | 16,548 | 8:03 AM | ||
| S&P500 | Up | 0.33% | percent | 1,847 | 6.08 | ||
| Nasdaq Composite | Up | 0.48% | percent | 4,174 | 19.76 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.91 | Annual Yield | ||
| Home prices remained on an upward trend in October, according to the S&P/Case-Shiller home-price report, but price gains may not be as strong in 2014. On an unadjusted basis, both the 10-city and 20-city indexes increased 0.2% in October from September and 1% seasonally adjusted. For the year, they’re up 13.6%. Las Vegas continues to lead gains, with home values up 27.1% year-over-year. San Francisco is second, with prices rising 24.6%. | |||||||
| The Conference Board reports the consumer confidence index bounced back to 78.1 in December, up from a revised 72.0 in November. It is the highest reading since September and better than the 76.5 expected by economists surveyed by Dow Jones. Apparently consumers have recovered from October’s government shutdown. | |||||||
| In currency markets this year, the Euro has gained 4.5% against the dollar and the British pound is on track for an annual gain of 1.9% against the greenback . | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/case-shiller-home-prices-up-but-boom-fading-2013-12-31 | |||||||
| http://www.marketwatch.com/story/consumer-confidence-index-snaps-back-in-december-2013-12-31 | |||||||
| http://www.marketwatch.com/story/dollar-edges-up-trading-near-year-ago-levels-2013-12-31?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||