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The KUIK Market Update for Thursday, February 8: |
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Markets are down. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Down |
(277) |
points |
24,617 |
8:12 AM |
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S&P500 |
Down |
-0.9% |
percent |
2,659 |
(1.99) |
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Nasdaq Composite |
Down |
-1.0% |
percent |
6,981 |
(2.34) |
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30 Year Treasury |
Up |
4 |
Basis Points |
3.16 |
Annual Yield |
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The Labor Department reports new claims for unemployment benefitsfell by 9,000 to 221,000 the week ended February 3. Economists expected 235,000. Continuing claims fell by 33,000 to 1.92 million the week before. The unemployment rate stayed at a 17-year low of 4.1%. |
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Freddie Mac reports mortgage rates are up. The 30-year fixed-rate mortgage averaged 4.32% this wee, up from last week’s 4.22%. A year ago it was 4.17%. The 15-year fixed averaged 3.77% up from 3.68%. A year ago it was 3.39%. |
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House Minority Leader Nancy Pelosi says she’ll vote against a two-year budget deal that would boost domestic and defense spending. The California Democrat has demanded a vote on protecting Dreamers, but that issue isn’t in the budget measure. The Senate and House are expected to vote later today on the bill, which would also hold off a government shutdown at midnight tonigh and suspend the debt limit through March 2019. |
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Sign up for a Social Security and Retirement Analysis at 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-drop-9000-to-221000-remain-near-45-year-low-2018-02-08 |
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freddiemac.mwnewsroom.com/press-releases/rates-jump-again-otcqb-fmcc-1328239 |
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www.marketwatch.com/story/pelosi-says-shell-vote-no-on-two-year-budget-deal-2018-02-08 |
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For today’s Market Update Report click to listen-> |
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