| The KUIK Market Update for Thursday, September 25: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (206) | points | 17,004 | 7:51 AM | ||
| S&P500 | Down | -1.3% | percent | 1,972 | (26.02) | ||
| Nasdaq Composite | Down | -1.7% | percent | 4,478 | (77.38) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 3.24 | Annual Yield | ||
| The Commerce Department reports orders for durable goods fell by a record 18.2% in August after a record 22.5% gain in July, because of up-and-down demand for commercial aircraft. If the volatile transportation sector is taken out, new orders for durable goods rose by a seasonally adjusted 0.7% and business investment also increased. | |||||||
| The Labor Department reports new claims for unemployment benefits rose by 12,000 to 293,000 in the week ended September 20. Economists expected 300,000. Continuing claims increased by 7,000 to a seasonally adjusted 2.44 million in the week ended September 13. | |||||||
| Freddie Mac reports the average rate on a 30-year fixed rate mortgage was 4.2% in the week ended September 25, down from 4.23% last week. A year ago it was at 4.32%. The averaqge rate on a 15-year fixed rate was 3.36 down slightly from last week’s 3.37 percent. That’s the same as a year ago. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/look-past-the-18-tumble-the-durable-goods-data-was-solid-2014-09-25?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-climb-by-12000-2014-09-25 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/fixed-mortgage-rates-ease-slightly-otcqb-fmcc-1147249 | |||||||
| For today’s Market Update Report click to listen-> | |||||||