| The KUIK Market Update for Thursday, January 4: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Index | Time | Change | |
| Dow Jones Industrial Average | Up | 155 | points | 25,078 | 8:16 AM | ||
| S&P500 | Up | 0.5% | percent | 2,726 | (0.02) | ||
| Nasdaq Composite | Up | 0.3% | percent | 7,086 | (8.63) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.80 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits rose by 3,000 to 250,00 the week ended December 30. Continuing claims fell 37,000 to 1.91 million the week before. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.95% this week, down from last week’s 3.99%. A year ago it was 4.20%. The 15-year fixed averaged 3.38% down from 3.44%. A year ago it was 3.44%. | |||||||
| The dollar resumed its weakness against most major currencies this morning, especially against the euro that’s near a three-year high. The buck was up yesterday on the release of December’s Federal Reserve Open Market meeting minutes. The ICE U.S. Dollar Index which gauges greenback against a basket of six currencies, is off almost 0.4% to 91.92. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| https://www.marketwatch.com/story/jobless-claims-up-3000-to-250000-in-last-week-of-2017-2018-01-04 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-drop-otcqb-fmcc-1327358 | |||||||
| For today’s Market Update Report click to listen-> | Audio Player | ||||||