| The KUIK Market Update for Thursday, January 2: | |||||||
| Markets have started the year on the downside. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (89) | points | 16,488 | 7:52 AM | ||
| S&P500 | Down | -0.62% | percent | 1,837 | (11.52) | ||
| Nasdaq Composite | Down | -0.71% | percent | 4,147 | (29.84) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.92 | Annual Yield | ||
| The Labor Department reports initial unemployment claims dropped by 2,000 to 339,000 for the week ended December 28. that is the lowest level in four weeks. Claims were at 372,000 a year ago. | |||||||
| The Institute for Supply Management index fell slightly to 57.0% from a two-and-a-half year high of 57.3% in November. Economists expected a drop to 56.6%. Reading over 50 indicate more manufacturers are expanding instead of contracting. The new-orders component hit the highest level since April 2010. And the employment component hit highest level since June 2011. | |||||||
| The average rate for a 30-year fixed-rate mortgage rose to 4.53% in the week that ended Jan. 2, reaching the highest rate since September, up from 4.48% in the week befoe , according to Freddie Mac. A year ago, the 30-year rate was at 3.34%. The average rate for the 15-year fixed-rate mortgage increased to 3.55% from 3.52%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jjobless-claims-dip-by-2000-to-339000-2014-01-02 | |||||||
| http://www.marketwatch.com/story/december-ism-index-slips-to-570-from-573-2014-01-02?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-453-2014-01-02-1091015?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||