| The KUIK Market Update for Thursday, February 6: | |||||||
| Markets are up . | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 147 | points | 15,588 | 8:05 AM | ||
| S&P500 | Up | 0.96% | percent | 1,768 | 16.78 | ||
| Nasdaq Composite | Up | 1.17% | percent | 4,059 | 47.01 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.67 | Annual Yield | ||
| The Labor Department reported initial claims for unemployment benefits fell to a seasonally adjusted 331,000 in the weeked ended Feb. 1 down from a revised 351,000 the week before and better than the 337,000 expected by economists. Claims from two weeks ago were revised upward by 3,000. Continuing unemployment claims increased by 15,000 to a seasonally adjusted 2.96 million in the week ended Jan. 25. Continuing claims are reported with a one-week delay and reflect the number of people already receiving benefits. | |||||||
| The average rate for a 30-year fixed-rate mortgage fell to 4.23% in the week that ended Feb. 6, hitting the lowest level since November, from 4.32% in the week before according Freddie Mac . A year ago, rate was 3.53%. The average rate for the 15-year fixed-rate mortgage declined to 3.33% in the latest week from 3.40% the week before. | |||||||
| The trade deficit climbed 12% in December reversing a sharp drop in November to a seasonally adjusted $38.7 billion mainly because the U.S. sold fewer heavy-duty goods such as airplanes to other countries. American exports of petroleum hit another record high. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-drop-20000-to-331000-2014-02-06 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-falls-to-423-2014-02-06-9915956?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-climbs-12-in-december-2014-02-06 | |||||||
| For today’s Market Update Report click to listen-> | |||||||