| The KUIK Market Update for Thursday, September 3: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 176 | points | 16,523 | 8:02 AM | ||
| S&P500 | Up | 1.2% | percent | 1,972 | 22.79 | ||
| Nasdaq Composite | Up | 0.9% | percent | 4,791 | 40.83 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.97 | Annual Yield | ||
| The Labor Department reports that new claims for unemployment benefits rose by 12,000 to 282,000 in the week ended August 29. Economists expected 271,000. Initial claims have been under the key 300,000 level for the past six months, the longest stretch since 2000. Continuing claims fell by 9, 000 to 2.26 million in the week ended August 22. | |||||||
| The U.S. trade deficit fell 7.4% in July, mainly because of lower imports of consumer electronics and pharmaceuticals. Exports rose for the first time in three months. The trade deficit declined to a seasonally adjusted $41.9 billion in July from a revised $45.2 billion in June according to the Commerce Department. Economists expected $41.8 billion. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.89% for the week ending today, up from last week’s 3.84%. A year ago it was 4.10%. The 15-year fixed averaged 3.09%, up from last week’s 3.06%. A year ago it was 3.24%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-climb-12000-to-282000-2015-09-03 | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-falls-74-in-july-as-imports-of-cell-phones-drugs-tumble-2015-09-03 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/fixed-mortgage-rates-tick-higher-amid-continued-vo-otcqb-fmcc-1215692 | |||||||
| For today’s Market Update Report click to listen-> | |||||||