| The KUIK Morning Market Report for Thursday, January 31: | |||||||
| Markets opened up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 21 | points | 13,935 | 7:11 AM | ||
| S&P500 | Up | 0.16% | percent | 1,502 | points | ||
| Nasdaq Composite | Up | 0.35% | percent | 3,153 | 11.11 | points | |
| 30 Year Treasury | Up | 0 | Basis Points | 3.20 | Annual Yield | ||
| Marketwatch reports Initial jobless claims jumped 38,000 to a seasonally adjusted 368,000 in the week ended Jan. 26, according to the Labor Department. That’s the highest level in one month and is the biggest increase since the week after Hurricane Sandy. Economists expected 355,000. | |||||||
| Good news in the Midwest. The Chicago purchasing managers index rose to 55.6% in January, to mark the best performance in nine months. Economists surveyed by MarketWatch had expected it to edge up to 49.8%. Any reading above 50 indicates expansion. Details of the report were also strong. New orders posted the biggest increase in 10 months, advancing to 58.2% from 50.4% in December. The production index jumped to 60.9%, while employment surged to 58.0% from 46.8%. | |||||||
| Bloomberg reports mortgage rates rose for a second week, increasing borrowing costs as tight supplies of listings drive up home prices. The average rate for a 30-year fixed mortgage was 3.53 percent in the week ended today, up from 3.42 percent and the highest since September according to Freddie Mac. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/initial-jobless-claims-jump-38000-to-368000-2013-01-31 | |||||||
| http://www.marketwatch.com/story/chicago-pmi-climbs-to-556-in-january-2013-01-31-9915813 | |||||||
| http://www.bloomberg.com/news/2013-01-31/u-s-mortgage-rates-rise-with-30-year-highest-in-4-months.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||