| The KUIK Morning Market Report for Tuesday, April 29: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 63 | points | 16,511 | 7:20 AM | ||
| S&P500 | Up | 0.3% | percent | 1,874 | 5.06 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,082 | 7.73 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.51 | Annual Yield | ||
| U.S. home prices were nearly unchanged in February, after slumping 0.1% in each month since November, according to S&P/Case-Shiller’s 20-city composite index. After seasonal adjustments, home prices in February rose 0.8%. Meanwhile, longer-term trends show that price growth is slowing down. On a year-over-year basis, home prices rose 12.9% in February, down from 13.2% in January and a recent peak of 13.7% in November. | |||||||
| Oil futures gained ground Tuesday as traders awaited U.S. supply data and continued to keep an eye on Ukraine tensions. June Nymex WTI crude rose 1.1%, to $101.96 a barrel, adding to gains yesterday. June ICE Brent crude futures , the European benchmark, rose 0.9%, to $109.12 a barrel. Brent futures tumbled yesterday, undercut by weak sanctions against Moscow by the U.S. and Europe over Russia’s role in unrest in Ukraine. The measures target seven Russian officials and 17 companies the U.S. says are linked to Russian President Vladimir Putin’s inner circle. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-unchanged-in-february-2014-04-29 | |||||||
| http://www.marketwatch.com/story/oil-futures-rise-ahead-of-supply-data-2014-04-29?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||