The KUIK Market Update for Thursday, October 29: |
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Markets are down. |
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Index |
Direction |
Change |
Units |
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Time |
Change |
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Dow |
Down |
(80) |
points |
17,697 |
8:03 AM |
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S&P500 |
Down |
-0.3% |
percent |
2,084 |
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(6.45) |
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Nasdaq Composite |
Down |
-0.5% |
percent |
5,073 |
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(22.73) |
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30 Year Treasury |
Up |
9 |
Basis Points |
2.95 |
Annual Yield |
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The Commerce Department reports new applications for unemployment benefits for the week ended October 24 edged up by 1,000 to a seasonally adjusted 260,000. Continuing claims fell by 37,000 to 2.14 million in the week ended October 17. |
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Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.76% week ending October 29 down from last week’s 3.79%. A year ago it averaged 3.98%. The 15-year fixed averaged 2.98% and is unchanged. A year ago it was 3.13%. |
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Pending home sales fell 2.3% in September, the second drop in a row, according to the National Association of Realtors. The index is at its second lowest level for 2015, though it’s up 3% from a year ago. The NAR said there’s not enough available listings in the lower end of the market for first-time buyers. A sale is listed as pending when the contract has been signed but the transaction has not closed. |
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
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http://www.marketwatch.com/story/jobless-claims-stick-near-1970s-era-lows-2015-10-29 |
http://freddiemac.mwnewsroom.com/press-releases/fixed-mortgage-rates-little-changed-nudge-lower-otcqb-fmcc-1225572 |
http://www.marketwatch.com/story/pending-home-sales-fall-in-september-for-second-month-2015-10-29 |
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For today’s Market Update Report click to listen-> |
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