| The KUIK Market Update for Thursday, September 18: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 76 | points | 17,233 | 7:21 AM | ||
| S&P500 | Up | 0.4% | percent | 2,010 | 7.93 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,585 | 22.73 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.36 | Annual Yield | ||
| The Labor Department reports the number of new applications for unemployment benefits fell 36,000 to 280,000 in the week ended September 13, hitting the lowest level since mid-July, and that is the lowest reading since May 2000. Economists expected 305,000. Continuing claims fell 63,000 to 2.43 million in the week that ended September 6, the lowest tally since May 2007. | |||||||
| The average rate for a 30-year fixed-rate mortgage rose to 4.23% in the week that ended September 18, hitting the highest rate since early May, up from last weeks 4.12%, according Freddie Mac. A year ago, the 30-year rate was at 4.50%. The average rate for the 15-year fixed-rate mortgage rose to 3.37% up from 3.26% last week. | |||||||
| The Philadelphia Fed manufacturing index fell to 22.5 in September, down from 28 in August which was the highest level since March of 2011. New orders rose slightly and employment climbed to a three-year peak. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/weekly-jobless-claims-fall-sharply-to-lowest-since-july-2014-09-18 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-423-2014-09-18-109102 | |||||||
| http://www.marketwatch.com/story/philly-fed-manufacturing-index-drops-to-225-in-september-2014-09-18 | |||||||
| For today’s Market Update Report click to listen-> | |||||||