| The KUIK Market Update for Thursday, August 13: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 11 | points | 17,413 | 7:59 AM | ||
| S&P500 | Down | -0.1% | percent | 2,085 | (1.45) | ||
| Nasdaq Composite | Up | 0.1% | percent | 5,050 | 5.29 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.84 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits rose by 5,000 to 274,000 in week that ended August 8. Economists expectet 270,000. Continuing claims increased by 15,000 to 2.27 million in the week ended August 1. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.94% for the week ending August 13 up from last week’s 3.91%. A year ago it was 4.12%. The 15-year fixed averaged 3.17%, up from last week’s 3.13%. A year ago it was 3.24%. | |||||||
| The Securities and Exchange Commission announced today that brokerage firm Edward Jones will pay more than $20 million and the former head of its municipal underwriting desk will pay $15,000 to settle charges of overcharging municipal bond customers. The SEC alleges trader Stina Wishman took new bonds into inventory and improperly offered them to customers at higher prices. She will be barred from working in the securities industry for at least two years. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-rise-5000-to-274000-2015-08-13-8913026 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/fixed-mortgage-rates-reverse-course-move-higher-otcqb-fmcc-1212362 | |||||||
| http://www.marketwatch.com/story/sec-fines-brokerage-edward-jones-20-million-for-overcharging-municipal-bond-customers-2015-08-13 | |||||||
| For today’s Market Update Report click to listen-> | |||||||