Morning Market Report 12/23/2014 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Tuesday, December 23:

Markets are up.

Index	Direction	Change	Units		Time	Change
Dow	Up	81	points	18,041	7:10 AM
S&P500	Up	0.3%	percent	2,085		5.99
Nasdaq Composite	Down	0.0%	percent	4,780		(0.96)
30 Year Treasury	Up	3	Basis Points	2.78	Annual Yield

Three reports from the Commerce Department: It reports gross domestic product — the value of all goods and services produced by the U.S. — grew at a real 5.0% annual rate in the third quarter. That’s up from a prior reading of 3.9%. This is the fastest pace of growth since the third quarter of 2003. Economists expected a revised rate of 4.4%. Consumer spending was revised up to 3.2% from 2.2%.

Orders for durable goods fell a seasonally adjusted 0.7% in November, with few signs of strength. Civilian aircraft orders rose 0.6% in November. Auto production rose 0.2%. Durable goods have now fallenn three of the past four months, including an 18.3% drop in August.

Sales of new single-family homes fell 1.6% in November to a seasonally adjusted annual rate of 438,000, the slowest pace in four months, with drops in three of four U.S. regions. Economists expected 450,000. The sales pace fell 12% in the Northeast, 6.4% in the South, and 6.3% in the Midwest, but rose 14.8% here in the West.



Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/consumer-spending-powers-q3-gdp-to-50-rate-2014-12-23
http://www.marketwatch.com/story/durable-goods-disappoint-in-november-falling-07-2014-12-23
http://www.marketwatch.com/story/new-home-sales-fall-16-to-438000-annual-rate-in-november-2014-12-23-1091013


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