| The KUIK Market Update for Thursday, June 25: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 30 | points | 17,994 | 7:21 AM | ||
| S&P500 | Up | 0.1% | percent | 2,112 | 2.96 | ||
| Nasdaq Composite | Up | 0.3% | percent | 5,136 | 13.71 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.16 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits rose by only 3,000 to 271,000 in the week ended June 20. Continuing jobless claims rose by 22,000 to 2.25 million in the week ended June 13, near a 15-year low. | |||||||
| Consumer spending surged a seasonally adjusted 0.9% in May to mark the biggest gain since 2009, according to the Commerce Department. Consumer spending for April and March was also revised upward. The personal savings rate fell to 5.1% from 5.4%. Inflation measured by the core PCE index excluding food and energy edged up 0.1% in May. It rose at a 1.2% annual pace in May, down from 1.3% in April. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 4.02 % for the week ending June 25, from last week when it averaged 4.00%. A year ago it averaged 4.14%. The 15-year fixed averaged 3.21% down from last week’s 3.23%. A year ago it was at 3.22%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-rise-slightly-but-still-point-to-low-layoffs-2015-06-25 | |||||||
| http://www.marketwatch.com/story/consumers-boost-spending-by-most-in-six-years-2015-06-25 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-little-changed-otcqb-fmcc-1203418 | |||||||
| For today’s Market Update Report click to listen-> | |||||||