| The KUIK Morning Market Report for Tuesday, December 30: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (54) | points | 17,984 | 7:10 AM | ||
| S&P500 | Down | -0.4% | percent | 2,083 | (7.58) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,788 | (18.83) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.74 | Annual Yield | ||
| Home prices fell 0.1% in October, according to the S&P/Case-Shiller 20-city composite index. Prices fell in 10 cities, expanded in eight, and were unchanged in two. Annual growth also fell, with year-over-year home prices rising 4.5% in October for the slowest pace in two years compared with an annual gain of 4.8% in September. Economists expected 4.7%. Home prices are about 16% below their 2006 peak. | |||||||
| U.S. renters paid $441 billion for apartments and houses this year, a $20.6 billion increase, as fewer Americans owned their homes and landlords with tight inventories raised monthly rents according to Zillow. It projects rents will increase 3.5 percent in 2015, compared with a gain in home values of around 2.5 percent. | |||||||
| Bloomberg reports that the hacked might be hacking back. The FBI is investigating whether companies are engaging in revenge hacking. In one case, the bureau is looking into whether hackers working on behalf of any U.S. financial institutions disabled servers that were being used by Iran to attack the websites of major banks last year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-grow-at-slowest-pace-in-two-years-2014-12-30 | |||||||
| http://www.bloomberg.com/news/2014-12-30/housing-costs-for-renters-rose-by-20-6-billion-this-year.html | |||||||
| http://www.bloomberg.com/news/2014-12-30/fbi-probes-if-banks-hacked-back-as-firms-mull-offensives.html | |||||||
| For today’s Morning Market Report click to listen-> | |||||||