| The KUIK Market Update for Tuesday, September 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 8 | points | 17,106 | 8:05 AM | ||
| S&P500 | Up | 0.1% | percent | 2,005 | 1.69 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,598 | 17.49 | ||
| 30 Year Treasury | Up | 8 | Basis Points | 3.16 | Annual Yield | ||
| U.S. home prices rose 1.2% in July and year-on-year gains of 7.4%, according to CoreLogic. Excluding distressed sales, the year-on-year gain was 6.8%. From the peak in April 2006, prices are down 11.9%. Michigan, had the fastest state growth at 11.4%, and the Riverside-San Bernandino-Ontario, Calif. metro area had the fastest metro area growth at 13.8%. | |||||||
| The Institute for Supply Management reports its manufacturing index jumped to 59% in August up from 57.1% in July. That was second big gain in a row. The index is at its highest level since early 2011. New orders posted the strongest reading since 2004 and production was at the highest level since 2010. Employment fell slightly. | |||||||
| Construction spending jumped a seasonally adjusted 1.8% in July, according to the Commerce Department. The gain is stronger than the 1% consensus estimate. June’s fall was revised upward to only a 0.9% drop from an initially reported 1.8% drop. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-up-12-in-july-corelogic-says-2014-09-02 | |||||||
| http://www.marketwatch.com/story/manufacturers-say-business-sizzles-in-august-2014-09-02?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/july-construction-spending-climbs-18-2014-09-02-1091103?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||