| The KUIK Market Update for Tuesday, July 1: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 119 | points | 16,946 | 8:13 AM | ||
| S&P500 | Up | 0.6% | percent | 1,972 | 11.88 | ||
| Nasdaq Composite | Up | 1.1% | percent | 4,456 | 48.06 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.39 | Annual Yield | ||
| Corelogic reports U.S. home prices in May rose 1.4%. Price rose in the 12 months ending in May in every state. Oregon was among the big gainers at 10.1 percent. However nationwide, annual growth slowed as more homes were put on the market. Annual home-price growth hit 8.8% in May, down almost 3% from a quarter earlier. CoreLogic expects annual growth to slow to 6% by May 2015. Including Mays increase, national home prices are about 13.5% below their 2006 peak. | |||||||
| Citing the continuing violence in Iraq, AAA reports that U.S. drivers will pay more for gas this Fourth of July weekend than they have since 2008. Gasoline prices are about 20 cents a gallon higher due to “market fear about Iraq,” according to AAA. The current national average price for a gallon of regular gasoline is $3.68, compared with $3.48 a year ago. In 2008 the national average price was $4.10 a gallon, and that fell to $2.62 in 2009, at the height of the U.S. recession. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-rise-14-in-may-10-states-hit-records-highs-2014-07-01 | |||||||
| http://247wallst.com/energy-economy/2014/06/30/fourth-of-july-gasoline-at-six-year-high/?link=mktw | |||||||
| For today’s Market Update Report click to listen-> | |||||||