| The KUIK Market Update for Thursday, February 13: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (36) | points | 15,928 | 7:48 AM | ||
| S&P500 | Down | -0.10% | percent | 1,817 | (1.89) | ||
| Nasdaq Composite | Up | 0.16% | percent | 4,208 | 6.72 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.70 | Annual Yield | ||
| The Commerce Department reports sales at U.S. retailers fell sharply in January and December was revised downward, showing that the economy may have softened toward the end of the year. Sales fell a seasonally adjusted 0.4% in January. Economists expected only a 0.1% decline. December’s originally reported 0.2% increase was cut to 0.1% decline. | |||||||
| The Labor Department reports Initial jobless claims rose by 8,000 to 339,000 for the week ended February 8.. Economists expected a slight drop to 330,000. | |||||||
| The average rate for a 30-year fixed-rate mortgage rose to 4.28% in the week that ended Feb. 13 up from 4.23% the week before, which was the lowest since November, according Freddie Mac. A year ago, the 30-year rate was at 3.53%. The average rate for the 15-year fixed-rate stayed at 3.33%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/sales-at-us-retailers-sink-in-january-2014-02-13 | |||||||
| http://www.marketwatch.com/story/jobless-claims-rise-8000-to-339000-2014-02-13?link=MW_pulse | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-428-2014-02-13-109105?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||