| The KUIK Market Update for Thursday, October 16: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | (32) | points | 16,104 | 7:42 AM | N/A | |
| S&P500 | Down | -0.7% | percent | 1,850 | (12.20) | 10:42am | |
| Nasdaq Composite | Down | -0.8% | percent | 4,181 | (34.34) | 10:42am | |
| 30 Year Treasury | Up | 1 | Basis Points | 2.89 | Annual Yield | 10:27am | |
| The Labor Department reports the number of new applications for unemployment benefits fell by 23,000 to 264,000 in the week ended October 11, lowest level since April 2000. Economists expected a slight increase to 289,000 from 287,000 the week before. | |||||||
| Marketwatch reports industrial production climbed 1% in September. Economists expected only a 0.4% gain. It included a 3.9% jump for utilities, a 1.8% gain for mining, and a 0.5% gain for manufacturing output. It took the third quarter increase gain to an annual rate of 3.2%. Capacity utilization rose to 79.3% in September from 78.7% in August. | |||||||
| Freddie Mac reports the average rate for a 30-year fixed-rate mortgage fell to 3.97% in the week ended October 16, hitting the lowest level since June 2013, down from 4.12% the week before. A year ago, the 30-year rate was at 4.28%. The average rate for the 15-year fixed-rate mortgage fell to 3.18% down from 3.30%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-drop-to-lowest-level-in-more-than-14-years-2014-10-16 | |||||||
| http://www.marketwatch.com/story/industrial-production-jumps-1-in-september-2014-10-16 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-falls-to-397-2014-10-16-109103 | |||||||
| For today’s Market Update Report click to listen-> | |||||||