| The KUIK Market Update for Thursday, August 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 57 | points | 14,955 | 7:52 AM | ||
| S&P500 | Up | 0.76% | percent | 1,655 | 12.47 | ||
| Nasdaq Composite | Up | 1.01% | percent | 3,636 | 36.34 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.89 | Annual Yield | ||
| The Labor Department reports Initial jobless claims jumped by 13,000 to a seasonally adjusted 336,000 in the week ended Aug. 17, Economists expected 330,000. The monthly average fell by 2,250 to 330,500 and hit the lowest level since November 2007 | |||||||
| The Federa Housing Finance Agency reports home prices climbed a seasonally adjusted 0.7% in June, and increased 7.7% from June 2012. The data was compiled using mortgages backed by Fannie Mae and Freddie Mac. | |||||||
| The Conference Board announced that the leading economic index for the U.S. rose 0.6% in July to 96, slightly above the 0.5% increase expected by economists surveyed by MarketWatch. “The improvement in the LEI, and pick up in the six-month growth rate, suggest better economic and job growth in the second half of 2013,” said Ken Goldstein, economist at the board. “However, the biggest uncertainties remain the pace of business spending and the impact of slower global growth on U.S. exports.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-climb-13000-to-336000-2013-08-22 | |||||||
| http://www.marketwatch.com/story/us-house-prices-up-07-in-june-fhfa-2013-08-22 | |||||||
| http://www.marketwatch.com/story/us-leading-economic-index-rises-06-in-july-2013-08-22-1091522 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||