| The KUIK Market Update for Wednesday, February 26: | |||||||
| Markets are up slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 46 | points | 16,227 | 7:55 AM | ||
| S&P500 | Up | 0.31% | percent | 1,851 | 5.63 | ||
| Nasdaq Composite | Up | 0.56% | percent | 4,312 | 24.04 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.65 | Annual Yield | ||
| Bloomberg reports that JPMorgan Chase and Goldman Sachs were among 18 financial firms that agreed to stop participating in surveys of analyst sentiment pending an investigation by New York State Attorney General. The deals follow an accord last month with BlackRock, the world’s largest asset manager, to end a program in which it systematically surveyed analysts on companies they cover. These are efforts to provide equal access to market-moving data to all investors. | |||||||
| Sales of new single-family homes started 2014 surprisingly strong, rising 9.6% in January to a seasonally adjusted annual rate of 468,000, the fastest pace in more than five years, according to the Commerce Department. Economists expected only 405,000. The median sales price of new homes fell 2.2% in January to $260,100, but was up 3.4% from a year earlier. Supply fell to 4.7 months in January at the current sales pace from 5.2 months in December. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2014-02-26/jpmorgan-goldman-sachs-reach-interim-surveys-deals.html | |||||||
| http://www.marketwatch.com/story/new-home-sales-rise-96-in-january-2014-02-26 | |||||||
| For today’s Market Update Report click to listen-> | |||||||