| The KUIK Market Update for Tuesday, February 25: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 0 | points | 16,207 | 8:01 AM | ||
| S&P500 | Down | -0.01% | percent | 1,847 | (0.20) | ||
| Nasdaq Composite | Up | 0.02% | percent | 4,294 | 0.85 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.67 | Annual Yield | ||
| U.S. home prices ticked down 0.1% in December, declining for a second month, with 11 of 20 tracked cities posting drops, according to the S&P/Case-Shiller’s 20-city composite index. After seasonal adjustments, home prices in December rose 0.8%, down a bit from 0.9% in November. Home prices are up 13.4% from December 2012, the fastest growth since 2005, supported by a low inventory of homes available for sale. Including December, prices are still about 20% below a 2006 peak, though some cities, including Dallas and Denver, recently posted fresh record highs. | |||||||
| The Conference Board reports that consumer confidence index fell to 78.1 in February from 79.4 in January. The drop came from reduced expectations for the months ahead. Consumers assessment of current conditions reached its highest level in almost six years. Economists expected a drop to 80.1 from January’s originally reported 80.7. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-decline-01-in-december-2014-02-25 | |||||||
| http://www.marketwatch.com/story/consumer-confidence-falls-in-february-2014-02-25-101034936?link=MW_Nav_EP | |||||||
| For today’s Market Update Report click to listen-> | |||||||