| The KUIK Market Update for Thursday, June 11: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 49 | points | 18,050 | 7:41 AM | ||
| S&P500 | Up | 0.2% | percent | 2,109 | 3.36 | ||
| Nasdaq Composite | Up | 0.1% | percent | 5,083 | 5.86 | ||
| 30 Year Treasury | Down | (5) | Basis Points | 3.16 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits edged up by 2,000 to 279,000 in the week ended June 6. Economists expected 275,000. Continuing claims increased by 61,000 to 2.27 million. | |||||||
| The Commerce Department reports retail sales climbed a seasonally adjusted 1.2% in May. Auto dealers and gasoline stations posted the strongest sales with auto sales up 2% and gasoline stations up 3.7% on higher fuel prices, but most major retail segments saw healthy gains. Excluding autos and gas retail sales rose 0.7%. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 4.04% for the week ending June 11, up from last week’s 3.87%. A year ago it averaged 4.20 percent. And the 15-year fixed averaged 3.25% up from last week’s 3.08%. A year ago it averaged 3.31 %. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-inch-up-to-279000-in-first-week-of-june-2015-06-11 | |||||||
| http://www.marketwatch.com/story/retail-sales-surge-in-may-point-to-revived-us-growth-2015-06-11 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/average-30-year-fixed-rate-mortgage-above-four-per-otcqb-fmcc-1200620 | |||||||
| For today’s Market Update Report click to listen-> | |||||||