| The KUIK Market Update for Wednesday, December 31: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 51 | points | 18,034 | 7:59 AM | ||
| S&P500 | Up | 0.2% | percent | 2,085 | 4.60 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,805 | 27.70 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.75 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits rose 17,000 to 298,000 in the week ended December 27 up from a revised 281,000 the week before. Economists expected a seasonally adjusted 290,000. Continuing claims fell by 53,000 to a seasonally adjusted 2.35 million in the week ended December 20. That is near a 14 year low. | |||||||
| Freddie Mac reports the average rate for a 30-year fixed-rate mortgage rose to 3.87% in the week ended December 31 up from last week’s 3.83%. Earlier this month the rate bottomed out at 3.80%, the lowest level since May 2013. A year ago, the 30-year rate was at 4.53%. The average rate for the 15-year fixed-rate mortgage rose to 3.15% up from 3.10% last week. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-jump-to-298000-highest-since-thanksgiving-2014-12-31?link=MW_home_latest_news | |||||||
| http://www.marketwatch.com/story/china-hsbc-manufacturing-pmi-slips-in-december-2014-12-30-224855735 | |||||||
| For today’s Market Update Report click to listen-> | |||||||