| The KUIK Market Update for Thursday, August 7: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (88) | points | 16,356 | 9:38 AM | ||
| S&P500 | Down | -0.6% | percent | 1,909 | (11.34) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,339 | (16.05) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.24 | Annual Yield | ||
| The Labor Department reports that initial claims for unemployment benefits fell by Initial jobless claims fell by 14,000 to 289,000 in the week ended August 2. Continuing claims fell 24,000 to a seasonally adjusted 2.52 million in the week ended July 26. | |||||||
| Russia has retaliated over sanctions. It has banned a wide range of food imports from Europe, Canada, Australia and the US including fruit, vegetables, meat, and dairy products. The ban will have a limited impact on most of Russia’s population, which relies mainly on domestic foods and imports from other former Soviet countries. | |||||||
| The average rate for a 30-year fixed-rate mortgage rose to 4.14% in the week that ended Aug. 7 up from 4.12% last week, according to Freddie Mac. A year ago, the 30-year rate was at 4.40%. The average rate for the 15-year fixed-rate mortgage rose to 3.27% up from 3.23% last week. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-below-300000-again-2014-08-07 | |||||||
| http://www.marketwatch.com/story/russia-retaliates-with-bans-on-food-imports-from-eu-us-2014-08-07 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-nudges-up-to-414-2014-08-07-1091137 | |||||||
| For today’s Market Update Report click to listen-> | |||||||