The KUIK Market Update for Thursday, December 24:
Markets are mixed.
Index Direction Change Units Time
Dow Down (33) points 17,568 7:59 AM
S&P500 Down -0.1% percent 2,062
Nasdaq Composite Up 0.1% percent 5,052
30 Year Treasury Down (3) Basis Points 2.97 Annual Yield
The Labor Department reports that initial claims for unemployment benefits fell by 5,000 to a seasonally adjusted 267,000 in the week ending December 19. Continuing claims fell by 47,000 to 2.2 million the week ended December 12.
Yesterday the U.S. Energy Information Administration reported crude inventories fell by 5.9 million barrels in the week ended December 18. Analysts polled by The Wall Street Journal had forecast a 600,000 barrel increase. February crude is up 0.9% to $37.85 a barrel on the New York Merc.
Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.96% the week ending December 24 down from last week’s 3.97%. A year ago it was 3.83%. The 15-year is unchanged at 3.22%, last year it was 3.10%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/jobless-claims-fall-again-near-lowest-level-in-decades-2015-12-24
http://www.marketwatch.com/story/oil-continues-rebound-but-long-term-outlook-still-bleak-2015-12-24
http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-little-changed-otcqb-fmcc-1236821
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