| The KUIK Morning Market Report for Thursday, September 25: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (114) | points | 17,096 | 7:04 AM | ||
| S&P500 | Down | -0.7% | percent | 1,983 | (14.85) | ||
| Nasdaq Composite | Down | -1.0% | percent | 4,512 | (43.52) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 3.24 | Annual Yield | ||
| The Commerce Department reports orders for durable goods fell by a record 18.2% in August after a record 22.5% gain in July, because of up-and-down demand for commercial aircraft. If the volatile transportation sector is taken out, new orders for durable goods rose by a seasonally adjusted 0.7% and business investment also increased. | |||||||
| The Labor Department reports new claims for unemployment benefits rose by 12,000 to 293,000 in the week ended September 20. Economists expected 300,000. Continuing claims increased by 7,000 to a seasonally adjusted 2.44 million in the week ended September 13. | |||||||
| In the second quarter there were about 5.31 million homes with negative equity. Owners owed more on a mortgage than a property was worth. That’s down by 946,000 homes from the first quarter, according to CoreLogic. The percentage of mortgaged U.S. properties in negative equity fell to 10.7 in the second quarter from 12.7 in the first quarter and 14.9 from the the second quarter of 2013. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/look-past-the-18-tumble-the-durable-goods-data-was-solid-2014-09-25?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-climb-by-12000-2014-09-25 | |||||||
| http://www.marketwatch.com/story/over-900000-homes-regain-equity-in-second-quarter-2014-09-25 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||