| The KUIK Morning Market Report for Thursday, April 16: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 13 | points | 18,099 | 7:56 AM | ||
| S&P500 | Down | -0.1% | percent | 2,105 | (1.92) | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,006 | (4.97) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.58 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits rose to 294,000 in the week ended April 11 up from a revised 282,000 last week. Economists expected only 281,000. Continuing claims fell by 40,000 to 2.27 million in the week ended April 4, lowest level since December 2000. | |||||||
| The Philadelphia Fed manufacturing index rose to a reading of 7.5 in April from 5 in March. That’s above the economist forecast of 6, on an index where readings above zero indicate improving conditions. | |||||||
| Freddie Mac reports the rate on a 30 year fixed rate mortgage average 3.67% in the week ended April 16, up from 3.66% last week. A year ago it averaged 4.27%. The rate on the 15 year fixed average 2.94%, up from last week’s 2.93%. A year ago it was at 3.33%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-hit-highest-level-in-six-weeks-2015-04-16 | |||||||
| http://www.marketwatch.com/story/philly-fed-survey-shows-mild-improvement-for-april-2015-04-16?dist=lcountdown | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-little-changed-remain-near-2015-low-otcqb-fmcc-1188498 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||