| The KUIK Morning Market Report for Tuesday, May 27: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 59 | points | 16,665 | 6:44 AM | ||
| S&P500 | Up | 0.4% | percent | 1,909 | 8.45 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,210 | 24.58 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.39 | Annual Yield | ||
| After a day of heavy fighting, Ukraine’s army said today that it has retaken Donetsk international airport, with around 30 pro-Russian militants killed in the process. But many outlets reported that gunfire could still be heard in the area, and that Kiev’s forces may not have full control. On Sunday, billionaire Petro Poroshenko was voted in as new president of Ukraine, and Russia has said it will engage in dialogue with him. The Russian blue-chip MICEX is down 2%. VTB Bank , Russia’s second-biggest lender, said profit fell 98% in the second quarter due to the Ukraine crisis. | |||||||
| U.S. home prices rose 0.9% in March, for the first gain in five months according to S&P/Case-Shiller’s 20-city composite index . Among 20 tracked cities, 19 saw higher home prices in March – only New York posted a drop. Home prices in Dallas and Denver hit fresh record highs. After seasonal adjustments, home prices rose 1.2% in March, compared with 0.8% in February. Annual growth is slowing down. Year-over-year home prices were up 12.4% in March, down from 12.9% in February and a recent peak of 13.7% in November. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/ukrainian-forces-retake-donetsk-airport-killing-dozens-2014-05-27 | |||||||
| http://www.marketwatch.com/story/us-home-prices-rise-09-in-march-2014-05-27 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||