| The KUIK Market Update for Thursday, February 12: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 72 | points | 17,934 | 7:16 AM | ||
| S&P500 | Up | 0.7% | percent | 2,082 | 13.95 | ||
| Nasdaq Composite | Up | 0.8% | percent | 4,839 | 37.60 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.56 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits jumped by 25,000 to 304,000 in the first week of February, topping 300,000 for the fourth time in six weeks. Economists expected only a seasonally adjusted 296,000. Continuing claims fell by 51,000 to a seasonally adjusted 2.35 million in the week ended January 31. | |||||||
| Freddie Mac reports the average 30-year fixed-rate mortgage rose to 3.69% in the week ended February 12 up from 3.59%. A year ago the 30 year was at 4.28%, and the 15-year fixed moved up to 2.99% from 2.92%. It was at 3.33% a year ago. | |||||||
| The House of Representatives passed a bill yesterday approving construction of the Keystone XL pipeline. The bill was approved by the Senate in January and now heads to President Obama. The White House has said that Obama would veto legislation to build the pipeline if it reaches his desk. Obama wants to let a U.S. government review of the Canada-to-U.S. Gulf Coast pipeline conclude. That review has been going for more than six years. The vote was 270 to 152. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-climb-25000-to-304000-in-early-february-2015-02-12 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-move-higher-on-strong-jobs-report-otcqb-fmcc-1175004 | |||||||
| http://www.marketwatch.com/story/house-passes-bill-approving-construction-of-keystone-xl-pipeline-2015-02-11-17911725 | |||||||
| For today’s Market Update Report click to listen-> | |||||||