| The KUIK Market Update for Thursday, April 30: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (126) | points | 17,910 | 7:59 AM | ||
| S&P500 | Down | -0.6% | percent | 2,094 | (12.63) | ||
| Nasdaq Composite | Down | -1.0% | percent | 4,976 | (47.59) | ||
| 30 Year Treasury | Up | 6 | Basis Points | 2.80 | Annual Yield | ||
| The Labor Department reports that initial claims for unemployment benefits fell to a seasonally adjusted 262,000 in the week ended April 25th, that’s a 15 year low and down from a revised 296,000 last week. Continuing claims fell by 74,000 to 2.25 million in the week ended April 18. That’s also a 15-year low. | |||||||
| Freddie Mac reports that the 30-year fixed rate mortgage averaged 3.68% in the week ended April 30, up from 3.65% last week. A year ago it was at 4.29%. The 15 year fixed averaged 2.94%, up from 2.92% last week. A year ago it was 3.38%. | |||||||
| Democrats Senator Patty Murray of Washington and Representative Bobby Scott of Virginia will introduce legislation today to to raise the minimum wage to $12 an hour by 2020, an increase of $4.75 over the $7.25 an hour it is now, an amount that hasn’t changed since 2009. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-sink-to-15-year-low-2015-04-30 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-up-on-mixed-economic-and-housing-da-otcqb-fmcc-1191583 | |||||||
| http://www.marketwatch.com/story/democrats-to-press-for-minimum-wage-of-12-an-hour-2015-04-29 | |||||||
| For today’s Market Update Report click to listen-> | |||||||