| The KUIK Market Update for Thursday, July 2: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (4) | points | 17,754 | 8:12 AM | ||
| S&P500 | Down | -0.1% | percent | 2,075 | (2.37) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,998 | (15.41) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.18 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits rose in late June to a five-week high, up 10,000 to 281,000 in the week ending June 27. Economists expected a seasonally adjusted 275,000. Initial claims have stayed below the key 300,000 mark for 17 straight weeks, reflecting a record low level of layoffs and a steady increase in new hiring in a gradually improving U.S. labor market. Continuing jobless claims climbed 15,000 to 2.26 million in the week ended June 20. | |||||||
| Freddie Mac reports the average rate for a 30-year fixed-rate mortgage rose to 4.08% in the week that ended July 2, reaching the highest rate since October, up from 4.02% last week. A year ago, the 30-year rate was at 4.12%, and it hit the record low in November 2012. The average rate for the 15-year fixed-rate mortgage increased to 3.24% up from 3.21% last week. 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/us-creates-223000-jobs-in-june-unemployment-53-2015-07-02 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-408-highest-since-october-2015-07-02 | |||||||
| For today’s Market Update Report click to listen-> | |||||||