| The KUIK Market Update for Thursday, August 28: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (69) | points | 17,053 | 7:31 AM | ||
| S&P500 | Down | -0.3% | percent | 1,994 | (6.21) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,553 | (16.69) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.07 | Annual Yield | ||
| The Ukrain government announced today that Russian forces have seized a coastal town and several villages near the border with Russia as part of a wider assault on a new front that is raising fears in the West that Moscow is starting an invasion of Ukraine. Ukrainian President Petro Poroshenko called for an emergency meeting of the United Nations Security Council and the European Council to respond to the incursion of Russian forces. | |||||||
| Initial claims for unemployment benefits edged down by 1,000 to 298,000 in the week ended August 23 and remain near an eight-year low, according to the Labor Department. Economists expected 300,000 on a seasonally adjusted basis. Continuing claims increased by 25,000 to a seasonally adjusted 2.53 million in the week ended August 16. | |||||||
| The average rate for a 30-year fixed-rate mortgage remained at 4.10% in the week that ended today, at the lowest rate since late October, according to Freddie Mac FMCC, -A year ago, the 30-year rate was at 4.51%. The average rate for the 15-year fixed-rate mortgage rose to 3.25% in the latest week 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/kiev-says-russian-troops-have-entered-eastern-ukraine-2014-08-28 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-remain-low-at-298000-2014-08-28 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-remains-at-10-month-low-2014-08-28 | |||||||
| For today’s Market Update Report click to listen-> | |||||||