| The KUIK Morning Market Report for Tuesday, October 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 57 | points | 16,875 | 6:59 AM | ||
| S&P500 | Up | 0.5% | percent | 1,971 | 9.12 | ||
| Nasdaq Composite | Up | 0.8% | percent | 4,521 | 35.19 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.06 | Annual Yield | ||
| The Commerce Department reports orders for durable goods fell 1.3% in September for the second straight drop, as demand fell products including autos, aircraft, computers, and heavy machinery. Economists expected a 0.2% increase. Leaving out the volatile transportation sector, orders fell by a smaller 0.2%. Orders for core capital goods whcich is a measure of business investment fell 1.7% for the biggest drop since January. Durable-goods orders for August were not revised at an 18.4% drop mainly due to fewer aircraft orders after a large July. | |||||||
| Home prices rose 0.2% in August, slower than the 0.6% rise in July, according to S&P/Case-Shiller’s 20-city composite index. Prices in Charlotte, San Diego, and San Francisco fell, while Detroit posted the fastest growth. After seasonal adjustments, home prices fell 0.1% in August — the strongest result in fourth months — compared with a 0.5% decline July. Annual growth is slowing down, with year-over-year home prices rising just 5.6% in August — the slowest pace since November 2012 — compared with 6.7% in July. Through August home prices are about 16% below the 2006 peak. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-durable-goods-orders-drop-13-in-september-below-forecast-2014-10-28 | |||||||
| http://www.marketwatch.com/story/us-home-prices-rise-02-in-august-2014-10-28 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||