| The KUIK Market Update for Wednesday, July 10: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (19) | points | 15,282 | 7:53 AM | ||
| S&P500 | Down | -0.13% | percent | 1,650 | (2.07) | ||
| Nasdaq Composite | Up | 0.14% | percent | 3,509 | |||
| 30 Year Treasury | Up | 0 | Basis Points | 3.66 | Annual Yield | ||
| Investors are waiting for the release of the minutes from the Federal Reserve’s last meeting and get clues on the policy moves ahead. The Fed will release the minutes of the June 18-19 Federal Open Market Committee meeting at 11 am Pacific time. | |||||||
| The number of mortgage applications filed in the U.S. last week fell 23% from the prior week as interest rates climbed according to the Mortgage Bankers Association. On a seasonally-adjusted basis that includes a factor for the July 4 holiday, the market composite index fell 4% from a week earlier, according to the weekly survey covering more than three-quarters of all U.S. residential-mortgage applications. MBA also reported the refinance index slipped 4% and the adjusted purchasing index was down 3%. The average rate on 30-year fixed-rate mortgages was 4.68%, and 3.76% for 15-year fixed. | |||||||
| Apple shares rose 0.4% on a Wall Street Journal report that a U.S. judge found that the company colluded with major publishers to inflate prices of e-books. The publishers have all reached a settlement with the Justice Department, but Apple had refused to settle and went to trial. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/stock-futures-lower-ahead-of-fed-minutes-bernanke-2013-07-10?dist=markets | |||||||
| http://www.marketwatch.com/story/us-mortgage-applications-down-23-last-week-mba-2013-07-10-94852252 | |||||||
| http://www.marketwatch.com/story/wednesdays-movers-netflix-ebay-2013-07-10?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||