| The KUIK Morning Market Report for Wednesday, October 31: | |||||||
| Markets are up after being closed for four days, the longest storm outage since 1888. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 23 | points | 13,131 | 7:50 AM | ||
| S&P500 | Down | 0.0% | percent | 1,412 | (0.09) | points | |
| Nasdaq Composite | Down | -0.5% | percent | 2,973 | (15.13) | points | |
| 30 Year Treasury | Down | (3) | Basis Points | 2.89 | Annual Yield | ||
| Stocks in the housing and construction sectors, like Home Depot, Lowes, Owens Corning, are on the rise because they will probably benefit from the rebuilding in the Northeast after Hurricane Sandy,” | |||||||
| The Chicago Purchasing Managers Index moved up in October to 49.9% from 49.7% in the prior month, but remained below the key 50% mark for the second straight month indicating contraction. The new-orders index rose, but production, inventories, and prices paid all dropped and the employment index fell to a 33-month low of 50.3%. | |||||||
| Warren Buffet is coming to a home near you. Berkshire Hathaway is increaing its bet on the U.S. housing market by forming a venture with Brookfield Asset Management as low interest rates, inventory and prices spur a real-estate rebound. Berkshire’s HomeServices of America Inc. unit will be the majority owner of the venture to manage a U.S. residential real- estate affiliate network, according to a statement on the new company’s website. The firms plan to offer a new brand, Berkshire Hathaway Home Services, starting next year. Brookfield’s network has operated under the Prudential Real Estate and Real Living Real Estate brands. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-stocks-rise-at-the-open-after-two-day-closure-2012-10-31 | |||||||
| http://www.marketwatch.com/story/chicago-manufacturing-index-inches-up-in-october-2012-10-31 | |||||||
| http://www.bloomberg.com/news/2012-10-31/berkshire-extends-housing-bet-with-brookfield-venture.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||