| The KUIK Market Update for Tuesday, April 1: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 83 | points | 16,546 | 7:06 AM | ||
| S&P500 | Up | 0.62% | percent | 1,884 | 11.57 | ||
| Nasdaq Composite | Up | 1.19% | percent | 4,249 | 49.82 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.60 | Annual Yield | ||
| Corelogic reports home prices rose 0.8% in February, as annual growth reached 12.2%, the fastest year-over-year pace since February 2006. Home prices are about 17% below their bubble peak. Prices in California saw the fastest annual growth, reaching 19.8% in February, while Kentucky was the slowest at 0.4%. Colorado, Nebraska, North Dakota and Texas each set a new record highs . Excluding distressed properties and short sales, monthly home-price growth was 0.9%, and 10.7% annually. | |||||||
| The final Markit Purchasing Managers Index for the U.S. in March was unchanged at 55.5, down from 57.1 in February. Readings over 50 indicates growth. March’s production index was unchaned from February. New orders and and employment fell. In February the index rose to the highest level in almost four years, with manufacturers catching up after winter-related softness in January. | |||||||
| The unemployment rate in Europe was 11.9% in February according to Eurostat, slightly better than the analyst estimate of a 12%. Eurostat revised previous months and said the joblessness level has been stable at 11.9% since October of last year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-rise-08-in-february-corelogic-2014-04-01 | |||||||
| http://www.marketwatch.com/story/final-us-markit-pmi-unchanged-in-march-at-555-2014-04-01-9914850 | |||||||
| http://www.marketwatch.com/story/euro-zone-unemployment-stable-at-119-in-february-2014-04-01 | |||||||
| For today’s Market Update Report click to listen-> | |||||||