| The KUIK Morning Market Report for Tuesday, August 26: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 40 | points | 17,116 | 7:03 AM | ||
| S&P500 | Up | 0.2% | percent | 2,001 | 3.04 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,560 | 3.10 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.13 | Annual Yield | ||
| Home prices were up for a fourth consecutive month according to S&P/Case-Shiller’s 20-city composite index. They rose 1% in June, slower than May’s 1.2%. All 20 cities saw higher prices, led by New York. After seasonal adjustments, home prices fell 0.2%, compared with a drop of 0.3% in May. Annual growth also slowed, with year-over-year home prices rising 8.1% in June — the slowest pace in more than a year — compared with annual growth of 9.4% in May. For the first time since early 2008, each of the 20 cities saw annual price growth slow down. Home prices are about 17% below their 2006 peak. | |||||||
| The Commerce Department reports orders for durable goods were up a by a record 22.6% in July because of a surge in contracts for Boeing aircraft, but bookings actually fell for most other industries. Economists expected 12.6% increase in orders . Demand for cars and trucks were also strong, up 10.2%. But excluding the transportation sector, orders were weak, falling 0.8%.Bookings so far in 2014 show that businesses continue to spend at a moderate pace somewhat below the historical norm at this stage of an economic recovery. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-rise-1-in-june-2014-08-26 | |||||||
| http://www.marketwatch.com/story/durable-goods-orders-jump-226-in-july-on-boeing-contracts-2014-08-26 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||