| The KUIK Market Update for Thursday, July 23: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (13) | points | 17,838 | 7:59 AM | ||
| S&P500 | Up | 0.1% | percent | 2,115 | 1.22 | ||
| Nasdaq Composite | Up | 0.4% | percent | 5,194 | 21.74 | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 3.04 | Annual Yield | ||
| New applications for unemployment benefits declined by 26,000 to 255,000 in the week ended July 18. That’s the lowest level since 1973 and under the key 300,000 level since late February, the longest run in 15 years. Continuing claims felld by 9,000 to 2.2 million in the week ended July 11. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 4.04% for the week ending July 23 down from last week’s 4.09%. A year ago it was at 4.13%. The 15-year fixed averaged 3.21% down from last week’s 3.25%. A year ago it was 3.26%. | |||||||
| The U.S. leading economic index rose 0.6% in June, “pointing to continued strength in the economic outlook for the remainder of the year,” according to the Conference Board. Strong readings for housing permits and the interest-rate spread led the growth. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-plunge-to-lowest-level-since-1973-2015-07-23 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-dip-otcqb-fmcc-1208338 | |||||||
| http://www.marketwatch.com/story/leading-indicators-climb-06-in-june-2015-07-23-1091314 | |||||||
| For today’s Market Update Report click to listen-> | |||||||