| The KUIK Market Update for Thursday, October 31: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (44) | points | 15,573 | 7:54 AM | ||
| S&P500 | Down | -0.19% | percent | 1,760 | (3.34) | ||
| Nasdaq Composite | Down | -0.17% | percent | 3,924 | (6.50) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.64 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits fell by 10,000 to a seasonally adjusted 340,000 in the week ended Oct. 26. Economists polled by MarketWatch expected a rop to 337,000 from an unrevised 350,000 the week before. Claims are eleveated because computer problems in California suspended thousands of applications over the past two months. | |||||||
| The average rate for the 30-year fixed-rate mortgage fell to 4.10% in the week that ended Oct. 31, hitting the lowest level since June, from 4.13% the week before, according Freddie Mac . The rate has dropped for two weeks in anticipation of the Federal Reserve’s decision yesterday to delay tapering its bond-purchase program that is exerting downward pressure on long-term rates. A year ago, the rate was at 3.39%. The average rate for the 15-year fixed-rate mortgage fell to 3.20% from 3.24%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-drop-10000-to-340000-2013-10-31-81035726 | |||||||
| http://www.marketwatch.com/economy-politics?link=MW_Nav_EP | |||||||
| For today’s Market Update Report click to listen-> | |||||||