| The KUIK Market Update for Wednesday, November 27: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 32 | points | 16,106 | 7:52 AM | ||
| S&P500 | Up | 0.23% | percent | 1,807 | 4.16 | ||
| Nasdaq Composite | Up | 0.37% | percent | 4,032 | 14.70 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.81 | Annual Yield | ||
| The Labor Department reports Initial jobless claims dropped by 10,000 to 316,000 in the week ended Nov. 23. Economists expected a seasonaly adjusted 330,000. However the decline is not necessarily a trend. The number of claims tend to bounce around during the holiday season. | |||||||
| The leading economic index for the U.S. rose 0.2% in October to 97.5, following gains of 0.9% in September and 0.7% in August, accoring to the Conference Board. “The recent increase in the index supports our forecast that the U.S. economy is poised to grow somewhat faster at 2.3% in 2014 compared to 1.6% in 2013,” said Ken Goldstein, economist at the board. | |||||||
| The average rate for the 30-year fixed-rate mortgage rose to 4.29% in the week ended today Nov. 27 from 4.22% last week, according to Freddie Mac. The average rate for the 15-year fixed-rate mortgage rose to 3.30% from 3.27% last week. | |||||||
| Forget about gold. Bitcoin hit $1,000 Wednesday on the trading exchange Mt. Gox. The virtual currency rose as high as $1044 on Mt. Gox, the second-biggest exchange by volume, and bought $1,041 in recent trade. Bitcoin pushed above $900 for the first time last week in the wake of a Senate hearing on virtual currencies, a sign that the virtual currency is going mainstream. Bitcoin traded around $13 at the beginning of 2013. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/applications-for-jobless-benefits-fall-again-2013-11-27 | |||||||
| http://www.marketwatch.com/story/leading-eocnomic-index-climbs-02-in-october-2013-11-27?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-429-2013-11-27-1091040?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/bitcoin-hits-1000-on-trading-exchange-mt-gox-2013-11-27?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||