| The KUIK Market Update for Thursday, July 16: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 38 | points | 18,088 | 8:04 AM | ||
| S&P500 | Up | 0.6% | percent | 2,121 | 13.43 | ||
| Nasdaq Composite | Up | 1.0% | percent | 5,148 | 49.28 | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 3.13 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits fell by 15,000 to 281,000 in the week ended July 11, erasing a big increase from the week before. Economists expected a drop to 287,000 down from a revised 296,000. Continuing claims fell by 112,000 to 2.2 million in the week ended July 4. | |||||||
| The austerity measures sought by Greece’s creditors were approved by Greece’s parliament early Thursday. But violent anti-austerity protests broke out in the streets of Athens. Greeks are angry over Prime Minister Alexis Tsipras’s accepting creditors’ conditions, which they see as worse than those voters overwhelmingly rejected in the July 5 referendum. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 4.09% for the week ending July 16 up from last week when it averaged 4.04%. A year ago it averaged 4.13%. The 15-year fixed averaged 3.25% up from last week’s 3.20%. A year ago it was at 3.23%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-drop-15000-to-281000-erasing-prior-spike-2015-07-16 | |||||||
| http://www.marketwatch.com/story/european-stocks-climb-after-greek-vote-with-ecb-ahead-2015-07-16 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-seesaw-higher-otcqb-fmcc-1207046 | |||||||
| For today’s Market Update Report click to listen-> | |||||||