| The KUIK Morning Market Report for Friday, January 2: | |||||||
| Markets have started 2015 on the upside. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 103 | points | 17,926 | 7:04 AM | ||
| S&P500 | Up | 0.4% | percent | 2,067 | 8.15 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,759 | 22.63 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.72 | Annual Yield | ||
| Intel is up 2.3% to $37.14 a share to lead the Dow. | |||||||
| The National Association of Realtors reports pending home sales rose 0.8% in November signaling that upcoming deals could pick up. The index of pending home sales hit a seasonally adjusted 104.8 in November, up from 104 in October. Pendings rose 1.4% in the Northeast, 1.3% in the South, and 0.4% in the West but fell 0.4% in the Midwest. Pendings usualyly close within two months and a reading of 100 equals 2001’s average contract activity level. | |||||||
| European Central Bank President Mario Draghi has signaled the ECB could be closer to launching full-scale quantitative easing, because the he says the risk of deflation has increased accoring to an interview in a German newspaper. Eurozone inflation came in at 0.3% in November,l below the ECB’s target of 2%. The euro fell to its lowest level against the dollar since June 2010 after the reported comments, | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/pending-home-sales-rise-08-in-november-2014-12-31-1091035 | |||||||
| http://www.marketwatch.com/story/draghi-signals-ecb-ready-to-act-as-deflation-risk-is-rising-2015-01-02 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||