| The KUIK Market Update for Thursday, January 30: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 71 | points | 15,810 | 7:58 AM | ||
| S&P500 | Up | 0.82% | percent | 1,789 | 14.61 | ||
| Nasdaq Composite | Up | 1.44% | percent | 4,110 | 58.14 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.65 | Annual Yield | ||
| The Labor Department reported initial claims for unemployment benefits jumped by 19,000 to a seasonally adjusted 348,000, in the week ended January 25th. Economists polled by MarketWatch expected only 330,000. Initial claims from two weeks ago were revised up to 329,000 from an original read of 326,000. | |||||||
| The index of pending home sales fell 8.7% last month to 92.4, the lowest reading since October 2011, with poor weather and rising home prices likely behind the drop, according to the National Associaton of Realtors. All four regions saw pending home sales fall in December, with the gauge down 10.3% in the Northeast, 9.8% in the West, 8.8% in the South and 6.8% in the Midwest. Pending sales usually close within two months. A reading of 100 equals the year 2001’s average contract activity level. | |||||||
| The average rate for a 30-year fixed-rate mortgage fell to 4.32% in the week ended Jan. 30, hitting the lowest level since late November, from 4.39% in the week before according to Freddie Mac. A year ago, the 30-year rate was at 3.53%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-jump-19000-to-348000-2014-01-30-81034929 | |||||||
| http://www.marketwatch.com/story/pending-home-sales-index-drops-87-in-december-2014-01-30-1091010?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-falls-to-432-2014-01-30-109104?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||