| The KUIK Market Update for Wednesday, July 3: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Down | (3) | points | 14,929 | 7:36 AM | ||
| S&P500 | Down | -0.26% | percent | 1,610 | |||
| Nasdaq Composite | Down | -0.13% | percent | 3,430 | |||
| 30 Year Treasury | Up | 0 | Basis Points | 3.47 | Annual Yield | ||
| The Institute for Supply Management said its gauge of the non-manufacturing sector signaled slower growth for June, with the index hitting 52.2%, compared with 53.7% in May. Above 50% indicates expansion. Economists polled by MarketWatch expected 54.4%. Business-activity and new-orders both fell, while employment rose almost five points to 54.7%. | |||||||
| The Labor Department reported initial jobless claims declined by 5,000 to a seasonally adjusted 343,000 in the week ended June 29. The claims report was moved up one day from its normal publication date on Thursday because of tomorrow’s July 4 holiday. Economists expected 346,000, down slightly from 348,000 the week before. | |||||||
| Tthe average rate for the 30-year fixed-rate mortgage fell to 4.29% in the week ending July 3, down from 4.46% the week before, according to Freddie Mac’s. The 4.46% reading was the highest since July 2011. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/ism-services-index-sees-slower-growth-in-june-2013-07-03 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-5000-to-343000-2013-07-03 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-falls-429-2013-07-03 | |||||||
| For today’s Market Update Report click to listen-> | |||||||