| The KUIK Market Update for Thursday, August 20: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (196) | points | 17,153 | 8:06 AM | ||
| S&P500 | Down | -1.1% | percent | 2,057 | (22.13) | ||
| Nasdaq Composite | Down | -1.5% | percent | 4,942 | (77.39) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 2.77 | Annual Yield | ||
| The Labor Department reports that new appplications for unemployment benefits rose for the fourth straight week by 4,000 to a seasonally adjusted 277,000 in the week ended August 15. Economists expected 271,000. Initial claims have been below the key 300,000 level for 24 weeks, the longest stretch in more than 15 years. Continuging claims were down 24,000 to 2.25 million in the week ended August 8. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.93% for the week ending August 20, down from last week’s 3.94%. A year ago, it averaged 4.10%. The 15-year fixed averaged 3.15% down from last week’s 3.17%. A year ago it was 3.23%. | |||||||
| The Philadelphia Fed’s index of business conditions rose to 8.3 this month from 5.7 in July. Any number over zero means more companies are expanding instead of contracting. New orders fell but shipments hit a 9-month high. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-rise-fourth-straight-week-to-277000-2015-08-20 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/30-year-fixed-rate-mortgage-remains-below-four-per-otcqb-fmcc-1213524 | |||||||
| http://www.marketwatch.com/story/strong-philly-fed-survey-counters-gloom-from-new-york-data-2015-08-20 | |||||||
| For today’s Market Update Report click to listen-> | |||||||