| The KUIK Market Update for Thursday, November 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (171) | points | 17,531 | 7:50 AM | ||
| S&P500 | Down | -0.6% | percent | 2,062 | (13.34) | ||
| Nasdaq Composite | Down | -0.4% | percent | 5,049 | (18.48) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.10 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits were unchanged at a seasonally adjusted 276,000 for the week ended November 7, holding near a 15 year low. Economists expected 268,000. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.98% for the week ending November 12, up from last week’s 3.87%. A year ago it was 4.01%. The 15-year fixed averaged 3.20% up from 3.09%. A year ago it was 3.20%. | |||||||
| The Labor Department also reports Job openings rose in September to their second-highest level since December of 2000 rising to a seasonally adjusted 5.53 million from 5.38 in August. The quits rate was 1.9% for the sixth consecutive month. The hiring rate ticked down slightly to 3.6%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-remain-near-15-year-low-2015-11-12 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-higher-for-second-consecutive-week-otcqb-fmcc-1228516 | |||||||
| http://www.marketwatch.com/story/job-openings-in-september-rise-to-second-highest-level-on-record-2015-11-12?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||