Market Update Report 9/4/2014 | Beacon Rock Wealth Advisors

The KUIK Market Update for Thursday, September 4:
Markets are up.
Index	Direction	Change	Units	Time	Change
Dow	Up	64	points	17,142	8:06 AM
S&P500	Up	0.5%	percent	2,010	9.35
Nasdaq Composite	Up	0.6%	percent	4,600	27.03
30 Year Treasury	Up	5	Basis Points	3.20	Annual Yield
The Labor Department reports Initial jobless claims rose by 4,000 to 302,000 in the week ended August 30. Economists polled by MarketWatch expected a seasonally adjusted 300,000. Continuing claims fell by 64,000 to a seasonally adjusted 2.46 million in the week ended August 23.
The U.S. trade deficit with China rose 2.7% in July to a record high $30.9 billion. The U.S. economy has revved up since the spring and that’s cause consumers and businesses to by more products from abroad. U.S. imports are up 3.9% compared July 2013, according to the Commerce Department. While China has seen its growth slow. The U.S. buys about 3.7 times more stuff China than China buys from the U.S.
The average rate for a 30-year fixed-rate mortgage stuck at 4.10% in the week that ended September 4, remaining at the lowest rate since late October, according Freddie Mac. A year ago, the 30-year rate was at 4.57%. The average rate for the 15-year fixed-rate mortgage declined to 3.24% in the latest week down from 3.25% the week before.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/jobless-claims-rise-by-4000-to-302000-2014-09-04
http://www.marketwatch.com/story/us-trade-deficit-with-china-hits-record-high-2014-09-04?dist=lcountdown
http://www.marketwatch.com/story/30-year-mortgage-rate-sticks-at-lowest-rate-since-october-2014-09-04
For today’s Market Update Report click to listen->