| The KUIK Morning Market Report for Thursday, November 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 54 | points | 17,666 | 7:08 AM | ||
| S&P500 | Up | 0.3% | percent | 2,043 | 5.09 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,701 | 26.30 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.09 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits rose by 12,000 to a seasonally adjusted 290,000 in the week ended November 8. A year ago, claims were 15% higher at 342,000. Despite the increase, jobless claims have been below the 300,000 level for nine straight weeks. The last time that happened was at the end of the Internet boom in 2000. Continuing claims increased by 36,000 to a seasonally adjusted 2.39 million in the week ended November 1st. | |||||||
| Default notices and other foreclosure filings were reported on more than 123,000 U.S. homes in October, up 15% from September. That was the largest monthly increasesince foreclosure activity peaked in early 2010, according to Realtypro. The pop was driven by seasonal factors, banks were trying to get ahead of holiday foreclosure moratoriums. In 2006, when home prices were near their peak, there were average monthly foreclosure filings on 105,000 properties. October’s 123,000 is down about 66% from a peak of 367,000 in 2010. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-climb-12000-to-290000-2014-11-13 | |||||||
| http://www.marketwatch.com/story/drop-in-foreclosure-filings-slows-down-2014-11-13 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||