| The KUIK Market Update for Thursday, December 12: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (79) | points | 15,765 | 7:58 AM | ||
| S&P500 | Down | -0.21% | percent | 1,779 | (3.71) | ||
| Nasdaq Composite | Up | 0.12% | percent | 4,009 | 4.84 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.90 | Annual Yield | ||
| The Labor Department reports the number of new claims for unemployment benefits rose by 68,000 in the week that ended Dec. 7 to 368,000, above the consensus forecast of 335,000. That’s the highest level in two months, but the data tends to be volatile around the holidays. Continuing claims, the people already receiving benefits rose 40,000 to 2.79 million in the week ended Nov. 30 | |||||||
| Inventories at U.S. businesses rose 0.7% in October,above expectations, according to the Commerce Department. Economists expected a 0.3% rise. Business sales rose 0.5%. Retail inventories were up 0.8% in October compared with a 0.5% increase in sales. | |||||||
| The average rate for a 30-year fixed-rate mortgage declined to 4.42% in the week ended Dec. 12 down from 4.46% the week before , according to Freddie Mac. A year ago, the 30-year rate was at 3.32%. The average rate for the 15-year fixed-rate mortgage fell to 3.43% from 3.47%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-highest-in-two-months-2013-12-12 | |||||||
| http://www.marketwatch.com/story/us-october-business-inventories-up-07-2013-12-12 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-declines-to-442-2013-12-12-109103 | |||||||
| For today’s Market Update Report click to listen-> | |||||||