| The KUIK Morning Market Report for Tuesday, April 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 52 | points | 16,501 | 7:11 AM | ||
| S&P500 | Up | 0.4% | percent | 1,879 | 7.24 | ||
| Nasdaq Composite | Up | 0.7% | percent | 4,151 | 29.54 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.53 | Annual Yield | ||
| Home prices rose a seasonally adjusted 0.6% in February, and were up 6.9% from a year ago, according to the Federal Housing Finance Agency. In January, prices rose 0.4% compared with an initial estimate of a 0.5% gain. | |||||||
| National chain-store sales fell 0.5% during the first two weeks of April from the same period in March, according to Redbook Research. Analysts expected a only a 0.3% drop. The Johnson Redbook Sales Index also showed seasonally adjusted sales for the period improved 3.2% from a year earlier, compared with a target for an increase of 3.4%. | |||||||
| Sales of existing homes ticked down 0.2% in March to a seasonally adjusted annual rate of 4.59 million, the slowest pace since July 2012, according to the National Association of Realtors. Sales have trended down since the summer on falling affordability as inventory remained low. Unusually rough weather in recent months has also curbed demand. Economists expected a March sales rate of 4.55 million, compared with a February’s rate of 4.6 million. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-rose-06-in-february-fhfa-2014-04-22?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/us-retail-sales-fall-in-early-april-redbook-2014-04-22 | |||||||
| http://www.marketwatch.com/story/existing-home-sales-decline-02-in-march-2014-04-22-109105?link=MW_Nav_EP | |||||||
| For today’s Morning Market Report click to listen-> | |||||||