| The KUIK Market Update for Thursday, October 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (98) | points | 16,191 | 8:19 AM | ||
| S&P500 | Down | -0.4% | percent | 1,912 | (8.46) | ||
| Nasdaq Composite | Down | -0.7% | percent | 4,589 | (31.29) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 2.83 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits rose by 10,000 to 277,000 in the week ended September 26, which means continued improvement of the labor market. Economists expected 270,000. Continuing claims fell by 53,000 to 2.19 million in the week ended September 19, lowest level since November 2000. | |||||||
| In a joint statement yesterday, Microsoft and Google agreed to dismiss all patent-related lawsuits between the two companies including those related to Google’s former Motorola Mobility smartphone unit, in a sign of the cooling intellectual-property wars among technology giants. The companies had roughly 20 lawsuits pending between them over patents in mobile phones, Wi-Fi, Web video, and other technologies. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.85% for the week ending October 1, down from last week’s 3.86%. A year ago it was 4.19%. The 15-year fixed averaged 3.07% down from last week’s 3.08%. A year ago it averaged 3.36%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-climb-10000-to-277000-2015-10-01 | |||||||
| http://www.marketwatch.com/story/microsoft-google-agree-to-dismiss-all-pending-patent-infringement-lawsuits-2015-09-30 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-largely-unchanged-otcqb-fmcc-1220475 | |||||||
| For today’s Market Update Report click to listen-> | |||||||