| The KUIK Market Update for Friday, August 8: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 61 | points | 16,429 | 7:47 AM | ||
| S&P500 | Up | 0.4% | percent | 1,916 | 6.78 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,344 | 8.59 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.20 | Annual Yield | ||
| Russian news agency RIA said Russia has announced it will de-escalate tensions with Ukraine. The Pentagon announced that the U.S. Air Force has hit Islamic State artillery in northern Iraq with airstrikes. The artillery was firing against Kurdish forces defending Erbil. | |||||||
| A change in credit scoring should make it easier to get a mortgage. Credit score provider Fair Isaac said yesterday that it will remove from its FICO credit-score calculations any record of a consumer failing to pay a bill if the bill has been paid or settled with a collection agency and it will give less weight to unpaid medical bills that are at a collection agency. That follows months of discussions with lenders and the Consumer Financial Protection Bureau aimed at boosting lending without creating more credit risk. Since the recession, many lenders have approved only the best borrowers, usually those with few or no blemishes on their credit report. The changes are expected to boost consumer lending, especially among borrowers shut out of the market or charged high interest rates because of their low scores. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-stocks-futures-feel-the-weight-of-geopolitical-worries-2014-08-08?dist=markets | |||||||
| http://www.marketwatch.com/story/credit-score-shift-likely-to-make-loans-easier-2014-08-08 | |||||||
| For today’s Market Update Report click to listen-> | |||||||