| The KUIK Market Update for Thursday, July 30: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (74) | points | 17,678 | 8:11 AM | ||
| S&P500 | Down | -0.5% | percent | 2,099 | (9.52) | ||
| Nasdaq Composite | Down | -0.5% | percent | 5,087 | (24.95) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.96 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits rose by 12,000 to 267,000 in the week ended July 25. That was less than expected. Economists expected an increase to 275,000. Claims fell to the lowest level since 1973 last week and have been below 300,000 since May. That’s the longest run in 15 years. Continuing jobless claims rose 46,000 to 2.26 million in the week ended July 18. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.98% week ending July 30, 2015, down from last week’s 4.04%. A year ago it was 4.12%. The 15-year Ffixed averaged 3.17% down from last week’s when it averaged 3.21%. A year ago is was 3.23%. | |||||||
| The Stoxx Europe 600 ended up 0.6% at 396.32. Shares of Nokia surged 7.3% after the technology company posted a better-than-expected second-quarter profit, aided by higher software sales. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-move-up-a-bit-from-four-decade-low-2015-07-30 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-move-down-otcqb-fmcc-1209731 | |||||||
| http://www.marketwatch.com/story/european-stocks-pare-gains-as-earnings-continue-to-roll-in-2015-07-30?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||