| The KUIK Market Update for Thursday, July 9: | ||||||||||||||
| Markets are up. | ||||||||||||||
| Index | Direction | Change | Units | Time | Change | |||||||||
| Dow | Up | 166 | points | 17,682 | 8:14 AM | |||||||||
| S&P500 | Up | 1.1% | percent | 2,069 | 22.13 | |||||||||
| Nasdaq Composite | Up | 1.3% | percent | 4,972 | 62.32 | |||||||||
| 30 Year Treasury | Up | 7 | Basis Points | 3.06 | Annual Yield | |||||||||
| The Labor Department reports new claims for unemployment benefits climbed by 15,000 to a seasonally adjusted 297,000 in the week ended July 4. That is the highest level since February. Continuing claims rose by 69,000 to 2.33 million in the week ended June 27. | ||||||||||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 4.04% in the the week ending July 9 down from last week when it averaged 4.08%. A year ago it was 4.15%. The 15-year fixed averaged 3.20% down from 3.24%. A year ago it averaged 3.24% unchanged. | ||||||||||||||
| Politico reports the hacks at the Office of Personnel Management may have compromised the data of 32 million current, former and prospective federal employees. The figure was cited by Rep. Jason Chaffetz (R-Utah) at a House Oversight and Government Reform Committee hearing yesterday, was included in OPM’s budget proposal for the next fiscal year and is nearly double the previously reported estimate of about 18 million. It also could include potential military enlistees. | ||||||||||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | ||||||||||||||
| http://www.marketwatch.com/story/jobless-claims-jump-to-297000-highest-since-february-2015-07-09 | ||||||||||||||
| http://freddiemac.mwnewsroom.com/press-releases/global-uncertainty-pushes-u-s-mortgage-rates-lowe-otcqb-fmcc-1205778 | ||||||||||||||
| http://www.marketwatch.com/story/opm-hack-may-have-affected-32-million-government-employees-2015-07-08?dist=lcountdown | ||||||||||||||
| For today’s Market Update Report click to listen-> | ||||||||||||||