| The KUIK Market Update for Thursday, June 4: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (62) | points | 18,014 | 7:38 AM | ||
| S&P500 | Down | -0.4% | percent | 2,106 | (8.34) | ||
| Nasdaq Composite | Down | -0.3% | percent | 5,086 | (13.18) | ||
| 30 Year Treasury | Down | (6) | Basis Points | 3.05 | Annual Yield | ||
| The Labor Department reports there were 276,000 initial jobless claims in the week ending May 30 that included the Memorial Day holiday. That was down 8,000 from the week before.Continuing claims fell by 30,000 to 2.19 million in the week ended May 23. | |||||||
| Freddie Mac reports that the average rate on a 30-year-fixed rate mortgage for the week ending June 4 was 3.87% unchanged from last week. A year ago it was at 4.14% and the record low of 3.31% was hit in November 2012. The average rate on a 15-year fixed is 3.08%, down from last week’s 3.11%. A year ago it was 3.23%. | |||||||
| The Labor Department reports productivity in the first quarter fell by a revised 3.1% annual pace instead of 1.9%. That met expectations. Gross domestic product was recently cut to show a 0.7% decline in the first quarter instead of a 0.2% gain. The bigger drop came in output of goods and services, which fell a revised 1.6% instead of 0.2%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-hover-near-15-year-low-2015-06-04 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-remain-at-2015-highs-otcqb-fmcc-1199203 | |||||||
| http://www.marketwatch.com/story/us-first-quarter-productity-revised-to-show-steeper-31-drop-2015-06-04 | |||||||
| For today’s Market Update Report click to listen-> | |||||||