| The KUIK Market Update for Tuesday, August 26: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 71 | points | 17,148 | 7:57 AM | ||
| S&P500 | Up | 0.3% | percent | 2,004 | 6.27 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,567 | 9.81 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.14 | 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. However 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. 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 Conference Board reports the consumer confidence index jumped to 92.4 in August, the highest level since October 2007. Economists expected a drop to 88.5. The present situation index rose, but the future expectations index fell. Confidence has now increased for four straight months, and consumers appear to be positive about the short-term outlooks for the economy and labor market. | |||||||
| 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/consumer-confidence-hits-highest-level-since-2007-2014-08-26 | |||||||
| For today’s Market Update Report click to listen-> | |||||||