| The KUIK Market Update for Thursday, July 3: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 68 | points | 17,044 | 8:09 AM | ||
| S&P500 | Up | 0.4% | percent | 1,981 | 6.86 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,475 | 17.65 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.48 | Annual Yield | ||
| The Labor Department reported the U.S. created 288,000 jobs last month and the unemployment rate fell to 6.1% from 6.3%. That’s the lowest rate since September 2008. Economists expected 215,000 nonfarm jobs in June. T | |||||||
| The Labor Department also reported the number of people applying for unemployment benefits rose by 2,000 to 315,000 in the week ended June 28. Economists expected a seasonally adjusted 314,000. Continuing claims increased by11,000 to a seasonally adjusted 2.58 million in the week ended June 21. | |||||||
| The average rate for a 30-year fixed-rate mortgage declined to 4.12% in the week ended today down from 4.14% last week according to Freddie Mac. A year ago, the 30-year rate was at 4.29%. The average rate for the 15-year fixed-rate mortgage was unchanged at 3.22%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-sees-another-boom-in-jobs-in-june-2014-07-03 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-edge-up-to-315000-layoffs-low-2014-07-03 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-nudges-down-to-412-2014-07-03-109104 | |||||||
| For today’s Market Update Report click to listen-> | |||||||