| The KUIK Market Update for Friday, October 17: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 238 | points | 16,355 | 7:37 AM | ||
| S&P500 | Up | 1.5% | percent | 1,891 | 27.90 | ||
| Nasdaq Composite | Up | 1.4% | percent | 4,278 | 60.22 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.99 | Annual Yield | ||
| Construction starts on new U.S. homes rose 6.3% in September, hitting more than 1.02 million annually, following a big in August. and matching expecations. Total starts are up 17.8% from September of 2013. Starts for single-family homes rose 1.1%, while apartment starts in buildings with at least five units jumped up 18.5%. | |||||||
| The University of Michigan Consumer Sentiment Index rose to 86.4 in October, up from 84.1 in September, for the highest level since July 2007. Economists expected 83.5. The index was as high as 96.9 in January 2007 and was as low as 55.8 in August 2011. | |||||||
| Gold futures edged lower this morning, but are on track for a solid weekly gain as global growth fears hit stocks and helped safety plays. December Gold fis off 0.2%, to $1,239.20 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/apartments-lead-septembers-housing-starts-growth-2014-10-17 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-climbs-to-the-highest-level-in-over-seven-years-2014-10-17 | |||||||
| http://www.marketwatch.com/story/gold-retreats-still-set-for-weekly-advance-2014-10-17 | |||||||
| For today’s Market Update Report click to listen-> | |||||||