| The KUIK Market Update for Thursday, April 9: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (41) | points | 17,869 | 8:06 AM | ||
| S&P500 | Down | -0.2% | percent | 2,078 | (3.49) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,939 | (11.37) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.55 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits cimbed by 14,000 to 281,000 in the week ended April 4, but the low level of initial claims shows that few workers are getting laid off even as job creation appears to have slowed. Continuing claims fell by 23,000 to a seasonally adjusted 2.3 million in the week ended March 28. That’s the smallest amount since April of 2000. | |||||||
| Freddie Mac reports the 30 year fixed rate mortgage averaged 3.66% in the week ended April 9, down from 3.70% last week. A year ago it was at 4.34%. The 15 year fixed averaged 2.93% down from 2.98% last week. A year ago it was at 3.38%. | |||||||
| In Asia,the Hang Seng Index rose 6.4%, pared gains to 1.8% and then rebounded and closed the day up 2.7%. The Hang Seng China Enterprises Index a gauge of Hong Kong-listed mainland Chinese companies, rose as much as 7.3% before paring gains to 2.6%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-jump-14000-to-281000-2015-04-09 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-lower-on-weak-jobs-report-otcqb-fmcc-1186955 | |||||||
| http://www.marketwatch.com/story/asian-shares-mixed-hong-kong-stocks-rally-again-2015-04-09 | |||||||
| For today’s Market Update Report click to listen-> | |||||||