| The KUIK Market Update for Thursday, December 11: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 214 | points | 17,747 | 7:42 AM | ||
| S&P500 | Up | 1.4% | percent | 2,054 | 27.78 | ||
| Nasdaq Composite | Up | 1.6% | percent | 4,758 | 74.22 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.86 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits fell by 3,000 to 294,000 in the week ended December 6. Economists expected 296,000. Continuing claims increased by 142,000 to a seasonally adjusted 2.51 million in the week ended November 29. | |||||||
| The Commerce Department reports business inventories rose 0.2% in October, as building material and clothing stores both built stocks heading into the holiday season. That’s a 4.8% gain from October 2013. | |||||||
| Freddie Mac reports the average rate for a 30-year fixed-rate mortgage rose to 3.93% in the week ended December 11 up from 3.89% last week, which was the lowest rate since May 2013. A year ago, the 30-year rate was at 4.42%. The average rate for the 15-year fixed-rate mortgage increased to 3.20% up from 3.10%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/new-jobless-claims-is-lowest-in-three-weeks-2014-12-11 | |||||||
| http://www.marketwatch.com/story/business-inventories-rise-02-in-october-2014-12-11 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-393-2014-12-11-109106 | |||||||
| For today’s Market Update Report click to listen-> | |||||||