| The KUIK Market Update for Thursday, October 8: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (15) | points | 16,897 | 7:59 AM | ||
| S&P500 | Down | -0.2% | percent | 1,993 | (3.21) | ||
| Nasdaq Composite | Down | -0.6% | percent | 4,762 | (28.66) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.90 | Annual Yield | ||
| The Labor Department reports that new applications for unemployment benefits fell by 13,000 to 263,000 in the week ended October 3, hitting the lowest level since mid-July. That suggests the U.S. labor market is still fairly healthy despite a slowdown in hiring in August and September. Continuing claims increased by 9,000 to 2.2 million for the week ended September 26. | |||||||
| After the Chinese stock market selloff in June, China faces three potential economic bubbles — but they are manageable according to Yukon Huang, senior associate at Carnegie Endowment for International Peace during a forum at the American Enterprise Institute. He said rising real estate prices, growing debt, and the decline in the stock market are three potential risks for China, but the country’s unique economy may mitigate the peril. | |||||||
| Freddie Mac reports 30-year fixed-rate mortgage averaged 3.76% for the week ended today, down from last week’s 3.85%. A year ago it was 4.19%. The 15-year fixed week averaged 2.99% down from last week’s 3.07%. A year ago it was at 3.36%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-fall-to-263000-lowest-since-july-2015-10-08 | |||||||
| http://www.marketwatch.com/story/oecd-growth-in-us-china-japan-to-slow-2015-10-08 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-tumble-on-weak-jobs-report-otcqb-fmcc-1221808 | |||||||
| For today’s Market Update Report click to listen-> | |||||||