| The KUIK Market Update for Thursday, January 10: | |||||||
| Markets had a strong open but are now trading flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 1 | points | 13,392 | 8:01 AM | ||
| S&P500 | Up | 0.1% | percent | 1,463 | 1.79 | points | |
| Nasdaq Composite | Down | 0.0% | percent | 3,106 | (1.09) | points | |
| 30 Year Treasury | Up | 4 | Basis Points | 3.09 | Annual Yield | ||
| The Labor Department reported Initial jobless claims climbed by 4,000 to a seasonally adjusted 371,000 in the week ended Jan. 5, the highest in a month. Economists expected a drop to 365,000. | |||||||
| European Central Bank President Mario Draghi said weakness in the euro-zone economy will extend into 2013, with a “gradual recovery” taking hold later in the year. | |||||||
| Federal regulators released final mortgage rules today that require lenders to consider a borrower’s ability to repay a loan, while also offering lenders protection from consumers’ legal actions if loans go bad. The Consumer Financial Protection Bureau’s new rules say that lenders must document borrower characteristics such as employment status, income and credit history, among other items. Regulators want to prevent the kinds of risky loans that led to the financial crisis from reentering the U.S. mortgage market. Officials also hope that the establishment of clear rules will encourage lenders to loosen standards that officials say have grown overly restrictive. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-in-us-rise-4000-to-371000-2013-01-10 | |||||||
| http://www.marketwatch.com/story/draghi-ecb-expects-gradual-recovery-in-2013-2013-01-10 | |||||||
| http://www.marketwatch.com/story/feds-finalize-rules-on-safer-mortgages-2013-01-10 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||