| The KUIK Market Update for Thursday, August 8: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (42) | points | 15,428 | 7:51 AM | ||
| S&P500 | Down | -0.07% | percent | 1,690 | (1.25) | ||
| Nasdaq Composite | Down | -0.02% | percent | 3,653 | (0.37) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.66 | Annual Yield | ||
| Meat prices are up on the news that Tyson Foods will no longer accept cattle that have been fed the Zilmax feed additive. It’s used to boost the lean muscle mass in livestock and the ban will be effective Sept 6 reducing the amount of meat produced from each animal compared to those that are fed the additive. The company said its decision was based on animal welfare issues. October cattle futures were last limit up 3.0 cents a pound, or 2.4%. | |||||||
| The number of applications for new unemployment benefits rose by 5,000 to 333,000 in the week ended Aug. 3, but the level of initial claims remained close to a five-year low. Economists surveyed by MarketWatch expected 339,000 on a seasonally adjusted basis. | |||||||
| The average rate for the 30-year fixed-rate mortgage nudged up to 4.40% in the week that ended Aug. 8 from 4.39% the week before according to Freddie Mac said Thursday in its weekly report. A year ago, the 30-year rate was 3.59%. the 15-year fixed-rate average stayed at 3.43%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-cattle-futures-soar-on-tyson-decision-2013-08-08 | |||||||
| http://www.marketwatch.com/story/us-weekly-jobless-claims-rise-5000-to-333000-2013-08-08 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-ticks-up-to-440-2013-08-08-1091017 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||