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The KUIK Market Update for Thursday, February 15: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
62 |
points |
24,956 |
7:50 AM |
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S&P500 |
Up |
0.1% |
percent |
2,702 |
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Nasdaq Composite |
Up |
0.3% |
percent |
7,163 |
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30 Year Treasury |
Down |
(5) |
Basis Points |
3.13 |
Annual Yield |
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The Labor Department reports initial claims for unemployment benefits rose by 7,000 to 230,00 the week ended February 10. That matched expectations. Continuing claims increased by 15,000 to 1.94 million the week before. |
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Federal regulators today hit U.S. Bancorp, the nation’s biggest regional bank, with more than $800 million in fines for deficient anti-money laundering practices. The Justice Department announced a deferred prosecution w related to the Bank Secrecy Act. Separately, the Federal Reserve ordered the bank to improve compliance with anti-money laundering laws. |
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Freddie Mac reports the 30-year fixed-rate mortgage averaged 4.38% this week, up from last week’s 4.32%. A year ago it was 4.15%. The 15-year fixed averaged 3.84%, up from 3.77%. A year ago it was 3.35%. |
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Sign up for a Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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www.marketwatch.com/story/jobless-claims-edge-up-7000-to-230000-2018-02-15 |
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freddiemac.mwnewsroom.com/press-releases/mortgage-rates-continue-to-climb-otcqb-fmcc-1328343 |
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For today’s Market Update Report click to listen-> |
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