| The KUIK Market Update for Thursday, August 27: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 267 | points | 16,553 | 8:03 AM | ||
| S&P500 | Up | 1.9% | percent | 1,978 | 37.24 | ||
| Nasdaq Composite | Up | 2.0% | percent | 4,793 | 95.19 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.91 | Annual Yield | ||
| The Shanghai Composite Index ended up 5.3% at 3,083.59, carried by a late-afternoon surge, after crashing to a 23% loss over the past five sessions. The start of a global recovery Wednesday picked up pace in Asia after reassuring comments from central bankers and positive U.S. economic data. | |||||||
| The U.S. economy grew at a faster 3.7% annual pace in the second quarter, up from the initial estimate of 2.3% according to the Commerce Department. Economists expected 3.3%, but business investment was stronger than expected. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage (FRM) averaged 3.84% for the week ending August 27, 2015, down from last week’s 3.93%. A year ago it was 4.10%. The 15-year fixed averaged 3.06% down from last week’s 3.15%. A year ago it was at 3.25%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/asian-markets-rebound-boosted-by-central-banks-us-data-2015-08-27 | |||||||
| http://www.marketwatch.com/story/us-economy-looks-much-stronger-after-upward-revision-to-gdp-report-2015-08-27?dist=lcountdown | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/global-market-volatility-pushes-mortgage-rates-low-otcqb-fmcc-1214489 | |||||||
| For today’s Market Update Report click to listen-> | |||||||