| The KUIK Market Update for Thursday, August 6: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (77) | points | 17,463 | 7:57 AM | ||
| S&P500 | Down | -0.4% | percent | 2,091 | (9.32) | ||
| Nasdaq Composite | Down | -0.9% | percent | 5,094 | (45.59) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.90 | Annual Yield | ||
| The Labor Department reports new application for unemployment benefits for the week ended August 1 rose for the second straight week up 3,000 to 270,000. That matched the forecast of economists. New claims had fallen to a 42-year low in mid-July. Continuing claims fell by 14,000 to 2.26 million in the week ended July 25. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.91% for the week ending August 6 down from last week’s 3.98%. A year ago it was 4.14%. The 15-year fixed averaged 3.13% down from last week’s 3.17%. A year ago it was 3.27%. | |||||||
| The Shanghai Composite ended 0.9% lower at 3661.54 and the smaller Shenzhen Composite ended down 0.7% to 2113.65 as investors question regulators’ commitment to support mainland stocks. China’s main stock index is down 29% from its peak in mid-June. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-rise-for-second-straight-week-to-270000-2015-08-06 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/fixed-mortgage-rates-remain-below-four-percent-otcqb-fmcc-1211178 | |||||||
| http://www.marketwatch.com/story/china-stocks-nudge-down-on-worries-about-beijing-support-2015-08-06 | |||||||
| For today’s Market Update Report click to listen-> | |||||||