| The KUIK Market Update for Thursday, January 9: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (66) | points | 16,397 | 7:57 AM | ||
| S&P500 | Down | -0.26% | percent | 1,833 | (4.77) | ||
| Nasdaq Composite | Down | -0.41% | percent | 4,149 | (16.93) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.89 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits fell by 15,000 to 330,000 in the week ended Jan. 4,meeting expectations, and bringing initial claims down to their lowest level since the end of November. Continuing claims increased by 50,000 to a seasonally adjusted 2.87 million in the week ended Dec. 28. | |||||||
| Announced job cuts fell to the lowest level of the year in December, falling 32% to 30,623, according to outplacement firm Challenger, Gray & Christmas. The December total was down 6% from December 2012. For the year, there were just over 509,000 planned job cuts, down 3% from 2012 | |||||||
| The average rate for a 30-year fixed-rate mortgage declined to 4.51% in the week ended Jan. 9 from 4.53% the before, which was the highest rate since September, according Freddie Mac. A year ago, the 30-year rate was at 3.40%. The average rate for the 15-year fixed-rate mortgage ticked up to 3.56% in the latest week from 3.55%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-drop-15000-to-330000-2014-01-09 | |||||||
| http://www.marketwatch.com/story/planned-layoffs-down-32-in-december-challenger-2014-01-09 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-declines-to-451-2014-01-09 | |||||||
| For today’s Market Update Report click to listen-> | |||||||