| The KUIK Market Update for Thursday, February 19: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (40) | points | 17,991 | 8:02 AM | ||
| S&P500 | Down | -0.1% | percent | 2,098 | (1.25) | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,920 | 13.32 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.69 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits fell by 21,000 to 283,000 in the week ended February 14. Economists expected a seasonally adjusted 290,000. Continuing claims increased by 58,000 to a seasonally adjusted 2.43 million in the week ended February 7. | |||||||
| Germany rejected Greece’s request for a six-month loan-extension agreement. The Greek government yesterday submitted its loan proposal, but made clear it wouldn’t accept the strict austerity measures required under the current bailout program. Germany argues that the Greek request doesn’t meet the bailout requirements. The euro fell and Greece’s Athex Composite index fell 1.1% to 838.61. | |||||||
| Freddie Mac reports the average rate on the 30-year fixed rate mortgage averaged 3.76% for the week ending February 19, up from 3.69% last week. A year ago the 30-year fixed averaged 4.33%. the 15-year fixed averaged 3.05% up from 2.99% last week. A year ago its was 3.35%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-21000-to-283000-2015-02-19 | |||||||
| http://www.marketwatch.com/story/germany-rejects-greeces-loan-extension-proposal-reports-2015-02-19-791282 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-rise-for-second-consecutive-week-otcqb-fmcc-1176375 | |||||||
| For today’s Market Update Report click to listen-> | |||||||