| The KUIK Market Update for Thursday, October 15: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 93 | points | 17,018 | 7:53 AM | ||
| S&P500 | Up | 0.6% | percent | 2,007 | 12.84 | ||
| Nasdaq Composite | Up | 0.9% | percent | 4,827 | 43.80 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.87 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits for the week ended October 10 fell by 7,000 to a seasonally adjusted 255,000. Continuing claims fell by 50,000 to 2.16 million for the week ended October 3. That is the lowest level in 15 years. | |||||||
| The Bureau of Labor Statistics reports the consumer price index, or cost of living, declined by a seasonally adjusted 0.2% in September. Over the past 12 months inflation at the consumer level has shown zero increase. Americans receiving Social Security won’t see a cost-of-living increase in their monthly checks in 2016. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.82% for the week today, up from last week’s 3.76%. A year ago it wa 3.97%. The 15-year fixed averaged 3.03% up 2.99%. A year ago it was as 3.18%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-match-42-year-low-2015-10-15 | |||||||
| http://www.marketwatch.com/story/consumer-prices-fall-again-on-cheaper-oil-imports-2015-10-15 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-remain-below-four-percent-for-twelv-otcqb-fmcc-1222911 | |||||||
| For today’s Market Update Report click to listen-> | |||||||