The KUIK Market Update for Thursday, September 28:
Markets are mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
18
points
22,358
7:54 AM
S&P500
Up
0.0%
percent
2,507
0.41
Nasdaq Composite
Down
-0.1%
percent
6,445
(8.35)
30 Year Treasury
Up
3
Basis Points
2.89
Annual Yield
President Trump today waived the Jones Act for Puerto Rico at the request of the U.S. territory’s governor according to White House press secretary Sarah Huckabee Sanders. The act bans foreign-flagged ships from carrying goods between U.S. ports.
Initial claims for unemployment benefits, rose by 12,000 to 272,000 the week ended Sept. 23. Economistsexpected 270,000. Continuing claims fell by 45,000 to 1.93 million the week before.
Freddie Mac reports mortgage rates are steady. The 30-year fixed-rate mortgage averaged 3.83% this week, same as last week. A year ago it was 3.42%. The 15-year fixed was 3.13% also unchanged from last week. A year ago it was 2.72%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
