Market Update Report 3/5/2015

The KUIK Market Update for Thursday, March 5:
Markets are up.
Index Direction Change Units Time Change
Dow Up                     48 points           18,145 8:05 AM
S&P500 Up 0.2% percent             2,102       3.30
Nasdaq Composite Up 0.4% percent             4,985      17.70
30 Year Treasury Up                       0 Basis Points               2.72 Annual Yield
New applications for unemployment benefits jumped up to 320,000 in the week ended February 28, the highest level since last May according to the Commerce Department. Economists expected a seasonally adjusted 301,000.  Continuing claims increased by 17,000 to an adjusted 2.42 million in the week ended February  21.
The Commerce Department reports Factory orders fell 0.2% in January, for the sixth straight monthly drop. Excluding transportation, orders were down 1.8%. Economists expected only a 0.3% decline. December’s drop was revised to show a 2.8% fall instead of a previously estimated 3.4% decline.
Freddie Mac reports the average rate on the 30-year fixed-rate mortgage for the week ending March 5 was 3.75 percent down from 3.8 percent last week. A year ago it was at 4.28 percent.  The 15-year fixed averaged 3.03 percent down from 3.07 percent. A year ago at this time, the 15-year FRM averaged 3.32 percent.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/jobless-claims-jump-to-320000-highest-level-since-last-may-2015-03-05
http://www.marketwatch.com/story/factory-orders-fall-in-january-for-sixth-month-2015-03-05
http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-move-lower-otcqb-fmcc-1179819
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