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The KUIK Market Update for Thursday, February 1: |
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Markets are mixed. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Down |
(48) |
points |
26,101 |
7:49 AM |
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S&P500 |
Down |
-0.1% |
percent |
2,821 |
(1.99) |
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Nasdaq Composite |
Up |
0.1% |
percent |
7,417 |
(2.34) |
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30 Year Treasury |
Up |
2 |
Basis Points |
2.96 |
Annual Yield |
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The Labor Department reports new applications for unemployment benerefts fell by 1000 to 230,000 the week ended January 27. Economists expected 240,000. Continuing claims rose by 13,000 to 1.95 million the week before. |
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Freddie Mac reports mortgage rates are moving up. The 30-year fixed-rate mortgage averaged 4.22% this week up from last week’s 4.15%. A year ago it was 4.19%. The 15-year fixed averaged 3.68% up from 3.62%. A year ago it was 3.41%. |
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The Commerce Department reports the productivity of American firms and workers fell 0.1% annually in the fourth quarter. Economists expectede a 0.2% gain. Output rose 3.2% and hours worked grew slightly faster at 3.3%. The difference between the two led to the small drop in productivity. Hourly compensation for workers rose 1.8%, but after adjusting for inflation, compensation actually fell 1.8%. It was the second straight annual decline. Unit-labor costs, or how much it costs to make each product, rose 2%. |
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For a free Social Security and Retirement Analysis go to brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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www.marketwatch.com/story/jobless-claims-fall-slightly-to-230000-layoffs-extremely-low-2018-02-01 |
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freddiemac.mwnewsroom.com/press-releases/rates-continue-to-rise-otcqb-fmcc-1328096 |
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For today’s Market Update Report click to listen-> |
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