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The KUIK Morning Market Report for Thursday, March 15: |
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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 |
Up |
70 |
points |
24,828 |
7:17 AM |
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S&P500 |
Up |
0.1% |
percent |
2,753 |
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Nasdaq Composite |
Down |
0.0% |
percent |
7,495 |
(1.50) |
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30 Year Treasury |
Down |
(1) |
Basis Points |
3.05 |
Annual Yield |
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The Labor Department reports initial claims for unemployment benefits fell by 4,000 to 226,000 the week March 10. Economists expected 228,000. Continuing claims rose by 4,000 to 1.88 million the week before. |
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Two gauges of manufacturing activity show solid activity for March. The Philadelphia Fed manufacturing index fell to 22.3 from 25.8 in February. Economists expected 23. The New York Fed said its Empire State Index, which had been lagging the Philly, jumped to 22.5 from 13.1 in February. Economists expected 15. New orders and shipments rose for both, Prices paid fell slightly in Philly but rose to a six year high in the New York area. |
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Freddie Mac reports mortgage rates fell for the first time in2018. The 30-year fixed-rate mortgage averaged 4.44% this week, down from last week’s 4.46%. A year ago it was 4.30%. The 15-year fixed 3.90% down from 3.94%. A year ago it was 3.50%. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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www.marketwatch.com/story/jobless-claims-drop-4000-to-226000-2018-03-15 |
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www.marketwatch.com/story/philly-empire-manufacturing-gauges-stay-solid-in-march-2018-03-15 |
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For today’s Morning Market Report click to listen-> |
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