| The KUIK Market Update for Thursday, February 27: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 0 | points | 16,199 | 7:47 AM | ||
| S&P500 | Up | 0.03% | percent | 1,846 | 0.54 | ||
| Nasdaq Composite | Up | 0.11% | percent | 4,297 | 4.94 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.60 | Annual Yield | ||
| The Commerce Department reports that durable goods orders fell 1% in January. Orders have fallen in three of the past four months, in a sign that the manufacturing sector has cooled off because of the harsh winter. Economists expected a 2.5% drop. Aircraft orders sank 20.2%. Boeing received just 38 orders for new planes in January, down from 319 in December 2013. Autos dropped 2.2%. Stripping out the volatile transportation sector, orders rose 1.1%. | |||||||
| The Labor Department reports initial jobless claims climbed 14,000 to a seasonally adjusted 348,000 in the week ended Feb. 22. That surprised the markets because economists expected only 335,000 and suggests that the recovery in the labor market has stalled.. | |||||||
| Up for a third week, the average rate for a 30-year fixed-rate mortgage rose to 4.37% in the week that ended Feb. 27 from 4.33% in the week before, according Freddie Mac. A year ago, the 30-year rate was at 3.51%. The average rate for the 15-year fixed rose to 3.39% from 3.35%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/durable-goods-orders-drop-1-in-january-2014-02-27 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-climb-14000-to-348000-2014-02-27-8103409 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-437-2014-02-27?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||