| The KUIK Market Update for Thursday, September 17: | |||||||
| Markets are up slightly. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 6 | points | 16,746 | 8:03 AM | ||
| S&P500 | Up | 0.0% | percent | 1,996 | 0.45 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,898 | 8.72 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.07 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits fell by 11,000 to 264,000 in the week ended September 12. This is the lowest number of claims since mid-July. Economists expected them to stay steady at 275,000. Continuing claims fell by 26,000 to 2.24 million in the week ended September 5. | |||||||
| The Federal Open Market Committee winds up its two day policy meeting today. Fed Chairman Janet Yellen is expected to hold a press conference following the Fed’s release at 11 am Pacific time. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.91% for the week ending September 17, up from last week’s 3.90%. A year ago it averaged 4.23%. The 15-year fixed averaged 3.11% up slightly from last week’s 3.10%. A year ago it was 3.37%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-revisit-midsummer-lows-2015-09-17 | |||||||
| http://www.marketwatch.com/story/jobless-claims-revisit-midsummer-lows-2015-09-17 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-calm-ahead-of-federal-reserve-decis-otcqb-fmcc-1217973 | |||||||
| For today’s Market Update Report click to listen-> | |||||||