| The KUIK Market Update for Tuesday, January 7: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 128 | points | 16,553 | 7:53 AM | ||
| S&P500 | Up | 0.65% | percent | 1,839 | 11.96 | ||
| Nasdaq Composite | Up | 0.89% | percent | 4,150 | 36.62 | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 3.90 | Annual Yield | ||
| The Commerce Departmet reports the nation’s trade gap dropped 13% to a seasonally adjusted $34.3 billion from $39.3 billion in October. That is the lowest in four years and beat the $40 billion forecast. That means the economy proably expanded faster than expected in the fourth quarter. | |||||||
| U.S. home prices edged up .1% in November according to CoreLogic and they are up 11.8% year-over-year for the 21st straight month of gains. CoreLogic’s pending home price forecast sees 0.1% monthly drop for December and a year-on-year gain of 11.5% which would be the best year since 2005. | |||||||
| J.P. Morgan Chasehas agreed to settle with the government for $1.7 billion over charges related to Bernie Madoff. The government announced criminal charges for two felony violations of the Bank Secrecy Act in connection with the firm’s relationship with Bernard L. Madoff Investment Securities. The charges will be deferred for two years under an agreement where the bank has to make changes to its anti-money laundering policies. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/trade-deficit-falls-to-lowest-level-in-four-years-2014-01-07 | |||||||
| http://www.marketwatch.com/story/us-home-prices-edge-up-in-november-corelogic-2014-01-07 | |||||||
| http://www.marketwatch.com/story/jp-morgan-to-settle-madoff-charges-for-17-bln-2014-01-07-9914350 | |||||||
| For today’s Market Update Report click to listen-> | |||||||