| The KUIK Morning Market Report for Wednesday, October 29: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 35 | points | 17,040 | 7:14 AM | ||
| S&P500 | Up | 0.1% | percent | 1,987 | 2.30 | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,546 | (18.11) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.09 | Annual Yield | ||
| The Census Bureau reports that the homeownership rate, the share of occupied homes in which owners live, fell to 64.4% in the third quarter. That’s the lowest since 1994, and down almost 1% from the third quarter of 2013. With homeownership down, rental vacancies hit the lowest level since the mid-1990s. Rents have moving higher, with annual housing inflationspeeding up tp the fastest pace since 2008. | |||||||
| Facebook chief Mark Zuckerberg vowed to continue spending abundantly on new technologies in the coming years. The social network’s revenue rose 59% to $3.2 billion in the third quarter as it continues to make gains in mobile advertising at the expense of Google. Costs rose 41% during a quarter in which Facebook added 1,200 new employees, most of them through acquisitions including the $19 billion deal for messaging app WhatsApp and a $2 billion purchase of virtual-reality headset maker Oculus Rift. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/homeownership-drops-to-two-decade-low-2014-10-29 | |||||||
| http://www.marketwatch.com/story/facebook-vows-aggressive-spending-2014-10-29?link=MW_Nav_NV | |||||||
| For today’s Morning Market Report click to listen-> | |||||||