The KUIK Morning Market Report for Thursday, April 16: |
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Markets are down. |
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Index |
Direction |
Change |
Units |
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Time |
Change |
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Dow |
Up |
13 |
points |
18,099 |
7:56 AM |
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S&P500 |
Down |
-0.1% |
percent |
2,105 |
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(1.92) |
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Nasdaq Composite |
Down |
-0.1% |
percent |
5,006 |
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(4.97) |
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30 Year Treasury |
Up |
2 |
Basis Points |
2.58 |
Annual Yield |
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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. |
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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. |
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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%. |
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
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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 |
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For today’s Morning Market Report click to listen-> |
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