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The KUIK Market Update for Thursday, March 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 |
71 |
points |
24,829 |
7:32 AM |
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S&P500 |
Up |
0.1% |
percent |
2,753 |
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Nasdaq Composite |
Up |
0.0% |
percent |
7,498 |
1.00 |
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30 Year Treasury |
Down |
(1) |
Basis Points |
3.05 |
Annual Yield |
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The Labor Department reports initial claims for unemployment benefits fell by 4,000 to 226,000 the week March 10. Economists expected 228,000. Continuing claims rose by 4,000 to 1.88 million the week before. Continuing claims fell below 2 million last spring for the first time since 2000 and have stayed there. |
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Freddie Mac reports mortgage rates fell for the first time in2018. The 30-year fixed-rate mortgage averaged 4.44% this week, down from last week’s 4.46%. A year ago it was 4.30%. The 15-year fixed 3.90% down from 3.94%. A year ago it was 3.50%. |
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The National Association of Home Builders’ monthly confidence for March fell one point to 70. After touching the high point since 1999 in December, the index has fallen for the third straight month. February was revised down by one point to 71. Current sales conditions were unchanged, but sales over the next six months and and buyer traffic both fell. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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www.marketwatch.com/story/jobless-claims-drop-4000-to-226000-2018-03-15 |
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For today’s Market Update Report click to listen-> |
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