The KUIK Market Update for Wednesday, November 22:
Markets are flat.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(17)
points
23,574
8:11 AM
S&P500
Unchanged
0.0%
percent
2,599
0.16
Nasdaq Composite
Up
0.1%
percent
6,868
(1.07)
30 Year Treasury
Unchanged
–
Basis Points
2.76
Annual Yield
The Labor Department reports initial claims for unemployment benefits fell by 13,000 to 239,000 in the week ended November 18. That’s below the 240,000 expected by economists. Continuing claims rose by 36,000 to 1.9 million the week before.
Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.92% this week, down from last week’s 3.95%. A year ago it was 4.03%. The 15-year fixed averaged 3.32% up from 3.31%. A year ago it was 3.25%.
The U.S. Energy Information Administration reports domestic crude supplies fell by 1.9 million barrels the week ended November 17. Analysts surveyed by S&P Global Platts expected a drop of 2.1 million barrels. January crude is up 1.2% to $57.53 a barrel on the New York Merc.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
