| The KUIK Market Update for Thursday, April 23: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (21) | points | 17,985 | 7:43 AM | ||
| S&P500 | Down | -0.1% | percent | 2,106 | (1.68) | ||
| Nasdaq Composite | Down | 0.0% | percent | 5,033 | (1.97) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.66 | Annual Yield | ||
| The Labor Department reports that new applications for unemployment benefits ticked up 1,000 to 295,000 in the week that ended April 18. Economists expected a drop to 288,000 from 294,000 last week. Continuing claims rose 50,000 to 2.33 million in the week ended April 11. | |||||||
| Citigroup warns that instead of a Grexit–Greece leaving the Eurozone, Greece could fall into financial limbo — a “Grimbo” — if Athens is unable to get more money from its international lenders and the reform negotiations stay deadlocked. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.65% the week ended April 23, down from last week when it averaged 3.67%. A year ago it averaged 4.33%. The 15-year averaged 2.92% down from last week when it averaged 2.94%. A year ago it was 3.39%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-weekly-jobless-claims-inch-up-1000-to-295000-2015-04-23-8913010 | |||||||
| http://www.marketwatch.com/story/greece-crisis-instead-of-grexit-worry-about-grimbo-2015-04-23 | |||||||
| http://www.marketwatch.com/story/hong-kong-stocks-slip-after-soft-china-data-2015-04-23 | |||||||
| For today’s Market Update Report click to listen-> | |||||||