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The KUIK Market Update for Tuesday, March 6: |
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Markets are mixed. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Down |
(74) |
points |
24,801 |
8:07 AM |
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S&P500 |
Down |
-0.1% |
percent |
2,718 |
(5.80) |
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Nasdaq Composite |
Up |
0.0% |
percent |
7,333 |
(1.54) |
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30 Year Treasury |
Up |
2 |
Basis Points |
3.13 |
Annual Yield |
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U.S. stocks have swung between gains and losses on the possible easing of tensions between the Koreas. Positive sentiment was boosted after South Korea’s presidential office said the two Koreas would hold their first summit in more than a decade in late April. That comes after North Korean leader Kim Jong Un met with a senior delegation from the South in Pyongyang and said he wanted to “write a new history of national reunification” for the two countries. The reports said North Korea will suspend weapons testing during the summit and would be open to talks with the U.S. about scrapping nuclear weapons and normalizing ties. |
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Marketwatch reports about 1.4 million Americans lost the interest rate incentive to refinance their mortgages in the first six weeks of 2018, according to real estate data firm Black Knight. The 30-year fixed-rate mortgage averaged 4.43% the week ended March 1, according to Freddie Mac’s weekly survey. That’s up three basis points from the week before and puts rates nearly half-a-percentage point higher than January 1. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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For today’s Market Update Report click to listen-> |
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