The KUIK Morning Market Report for Thursday, June 22:
Markets are mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
16
points
21,425
7:19 AM
S&P500
Down
0.0%
percent
2,435
(0.34)
Nasdaq Composite
Down
-0.1%
percent
6,231
(3.13)
30 Year Treasury
Unchanged
–
Basis Points
2.72
Annual Yield
The Labor Department reports initial claims for unemployment benefits rose by 3,000 to 241,000 the week ended June 17. Economists expected 240,000. Continuing claims increased by 8,000 to 1.94 million the week ended June 10. They have been under 2 million for the 10th straight week. The last time that happened was 1973.
T he Conference Board reports its leading economic index climbed 0.3% in May indicating the U.S. is steadily growing. Current and lagging conditions both rose by 0.1%. The index is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys.
Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.90% this week. Down from last week’s 3.91%. A year ago it was 3.56%. The 15-year fixed averaged 3.17%, down from 3.18%. A year ago it was 2.83%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
