| The KUIK Market Update for Thursday, March 5: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 48 | points | 18,145 | 8:05 AM | ||
| S&P500 | Up | 0.2% | percent | 2,102 | 3.30 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,985 | 17.70 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 2.72 | Annual Yield | ||
| New applications for unemployment benefits jumped up to 320,000 in the week ended February 28, the highest level since last May according to the Commerce Department. Economists expected a seasonally adjusted 301,000. Continuing claims increased by 17,000 to an adjusted 2.42 million in the week ended February 21. | |||||||
| The Commerce Department reports Factory orders fell 0.2% in January, for the sixth straight monthly drop. Excluding transportation, orders were down 1.8%. Economists expected only a 0.3% decline. December’s drop was revised to show a 2.8% fall instead of a previously estimated 3.4% decline. | |||||||
| Freddie Mac reports the average rate on the 30-year fixed-rate mortgage for the week ending March 5 was 3.75 percent down from 3.8 percent last week. A year ago it was at 4.28 percent. The 15-year fixed averaged 3.03 percent down from 3.07 percent. A year ago at this time, the 15-year FRM averaged 3.32 percent. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-jump-to-320000-highest-level-since-last-may-2015-03-05 | |||||||
| http://www.marketwatch.com/story/factory-orders-fall-in-january-for-sixth-month-2015-03-05 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-move-lower-otcqb-fmcc-1179819 | |||||||
| For today’s Market Update Report click to listen-> | |||||||