| The KUIK Market Update for Thursday, March 19: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (86) | points | 17,991 | 8:01 AM | ||
| S&P500 | Down | -0.4% | percent | 2,092 | (7.70) | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,992 | 9.47 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.51 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits rose by 1,000 to 291,000 in the week ended March 14. Economists expected a seasonally adjusted 290,000. Continuing claims fell by 11,000 to a seasonally adjusted 2.42 million in the week ended March 7. | |||||||
| Freddie Mac reports the average rate on a 30-year fixed rate mortgage for the week ended March 19 fell to 3.78%, down from 3.86% last week. A year ago it was at 4.32%. The 15-year averged 3.06% down from 3.1%. A year ago it was at 3.02%. | |||||||
| Economists on Wall Street are trying to figure out when the Federal Reserve will make its first rate hike since the financial crisis. According to the CME Group’s FedWatch calculator, which is derived from federal-fund futures, The current probability for a June hike is 11%, 44% for September, and a 65% chance of a rate hike in October. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-barely-changed-at-291000-2015-03-19 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortage-rates-move-down-as-we-head-into-spring-otcqb-fmcc-1182796 | |||||||
| http://www.marketwatch.com/story/heres-when-the-market-is-pricing-in-the-first-rate-hike-2015-03-19 | |||||||
| For today’s Market Update Report click to listen-> | |||||||