The KUIK Morning Market Report for Thursday, January 4:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
157
points
25,080
7:32 AM
S&P500
Up
0.5%
percent
2,726
(0.02)
Nasdaq Composite
Up
0.3%
percent
7,085
(8.63)
30 Year Treasury
Up
3
Basis Points
2.81
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.
ADP reports private sector hiring was stronger than expected. Employers added 250,000 jobs, which was better than the 188,000 jobs expected by economists. Almost all of that gain was in the service sector, which accounted for 222,000 jobs. Within services, the trade/transportation/utilities category accounted for 45,000.
Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.95% this week, down from last week’s 3.99%. A year agoit was 4.20%. The 15-year fixed averaged 3.38% down from 3.44%. A year ago it was 3.44%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
