| The KUIK Market Update for Friday, January 23: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (40) | points | 17,773 | 8:10 AM | ||
| S&P500 | Down | -0.2% | percent | 2,059 | (4.38) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,755 | 5.01 | ||
| 30 Year Treasury | Down | (9) | Basis Points | 2.38 | Annual Yield | ||
| The Stoxx Europe 600 index jumped 1.8% to 370.55. That added to the 1.7% gain yesterday, after European Central Bank President Mario Draghi said the bank will buy 60 billion euros that’s $69 billion of public and private debt every month starting in March until at least September 2016. The move is aimed at supporting growth and increasing inflation expectations in the eurozone. | |||||||
| The initial reading of the Markit US manufacturing purchasing managers index edged lower in January to a 53.7 from 53.9 in December, to mark the lowest reading in 12 months. | |||||||
| Sales of existing homes rose 2.4% in December to a seasonally adjusted annual rate of 5.04 million, according to the National Association of Realtors. Economists expected 5.08 million in December up from an originally reported 4.93 million in November. The median sales price of used homes hit $209,500 in December, up 6.0% from December 2013. December’s inventory was 1.85 million existing homes for sale, a 4.4-month supply. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-extend-qe-inspired-rally-2015-01-23 | |||||||
| http://www.marketwatch.com/story/flash-us-manufacturing-pmi-falls-to-12-month-low-2015-01-23 | |||||||
| http://www.marketwatch.com/story/existing-home-sales-rise-24-to-504-million-units-in-december-2015-01-23 | |||||||
| For today’s Market Update Report click to listen-> | |||||||