| The KUIK Market Update for Thursday, December 26: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 60 | points | 16,417 | 8:01 AM | ||
| S&P500 | Up | 0.26% | percent | 1,838 | 4.68 | ||
| Nasdaq Composite | Up | 0.22% | percent | 4,164 | 9.07 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.92 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits fell by 42,000 in the week that ended Dec. 21 to 338,000, below a consensus forecast of 345,000. This is the biggest drop since November 2012. | |||||||
| China’s banks are grappling with a surge of bad loans due to an economic slowdown. Non-performing loans in the wholesale and retail sector reached 2.6% — far above the banking industry average in 2013 — with information technology following at 2.0% and manufacturing at 1.8%, according to a study by the Chinese Academy of Social Sciences and reported by the China Daily on Thursday. | |||||||
| The average rate for a 30-year fixed-rate mortgage rose to 4.48% in the week that ended Dec. 26 from 4.47% the week before , according to Freddie Mac. A year ago, the 30-year rate was at 3.35%. The average rate for the 15-year fixed-rate mortgage increased to 3.52% from 3.51%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/weekly-jobless-claims-fall-by-most-in-a-year-2013-12-26 | |||||||
| http://www.marketwatch.com/story/china-banks-see-bad-loan-surge-led-by-retail-trade-2013-12-25 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-ticks-up-to-448-2013-12-26-1091010 | |||||||
| For today’s Market Update Report click to listen-> | |||||||