| The KUIK Market Update for Thursday, April 25: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 38 | points | 14,714 | 7:59 AM | ||
| S&P500 | Up | 0.68% | percent | 1,590 | 10.79 | points | |
| Nasdaq Composite | Up | 0.85% | percent | 3,297 | 27.83 | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 2.91 | Annual Yield | ||
| The Labor Department reports initial jobless claims dropped by 16,000 to a seasonally adjusted 339,000 in the week ended April 20. That’s the second lowest reading in 2013 and isnear levels last seen in January 2008. Economists surveyed by MarketWatch expected claims fall to 351,000 from a revised 355,000 a week before. | |||||||
| Freddie Mac reports the average rate on the 15-year fixed-rate mortgage hit a record low of 2.61% in the week ending April 25, down from 2.64%. A year ago, the 15-year rate was 3.12%.The 30-year fixed-rate mortgage dropped to 3.40% from 3.41% the week before. Its record low is 3.31%. | |||||||
| Politico reports congressional leaders of both parties are locked in talks about exempting lawmakers and their aides from the insurance exchanges they are due to join as part of the Obama health-care law going into effect next year. The talks are described as “extraordinarily sensitive” and involve Senate Majority Leader Harry Reid, House Speaker John Boehner, the Obama administration and other top lawmakers. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-near-five-year-low-2013-04-25 | |||||||
| http://www.marketwatch.com/story/15-year-mortgage-rate-hit-record-low-of-261-2013-04-25 | |||||||
| http://blogs.marketwatch.com/election/2013/04/25/lawmakers-hill-aides-may-get-exemption-from-obama-health-law-report-says/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||