The KUIK Morning Market Report for Wednesday, November 22:
Markets are flat.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(30)
points
23,561
7:24 AM
S&P500
Unchanged
0.0%
percent
2,598
(0.90)
Nasdaq Composite
Down
0.0%
percent
6,862
(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 economistsestimate of economists polled by MarketWatch. Continuing claims rose by 36,000 to 1.9 million the week before.
The Commerce Department reports orders for durable goods fell 1.2% in October, below the MarketWatch forecast of a 0.7% gain. But excluding transportation, orders increased 0.4%. Core capital goods orders which represents business investment fell 0.5%. These orders have climbed 8.1% in the past year, suggesting the recent decline is temporary. Shipments and inventories both rose 0.1%.
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%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
