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The KUIK Market Update for Thursday, March 29: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
183 |
points |
24,032 |
8:03 AM |
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S&P500 |
Up |
1.0% |
percent |
2,630 |
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Nasdaq Composite |
Up |
1.1% |
percent |
7,023 |
(1.50) |
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30 Year Treasury |
Down |
(2) |
Basis Points |
2.99 |
Annual Yield |
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The Labor Department reports initial claims for unemployment benefit fell by 12,000 to 215,000 last week and that was the lowest number since January 1973. Economists expected 230,000. Continuing claims rose by 35,000 to 1.87 million the week before. The unemployment rate is 4.1%. |
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The University of Michigan’s consumer sentiment index was revised slightly lower to 101.4 from 102 for its final March reading, hitting the highest level since 2004. Other surveys also show that Americans are confident in the U.S. economy and their financial well-being. |
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Freddie Mac reports the 30-year fixed-rate mortgage averaged 4.44% this week, down from last weeks 4.45%. A year ago it was 4.14%. The 15-year fixed averaged 3.90%down from 3.91%. A year ago it was 3.39%. |
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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/final-consumer-sentiment-reading-for-march-slips-to-1014-vs-102-2018-03-29 |
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freddiemac.mwnewsroom.com/press-releases/mortgage-rates-little-changed-otc-fmcc-gnw_2198015_001 |
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For today’s Market Update Report click to listen-> |
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