The KUIK Market Update for Thursday, December 26: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Last |
Time |
Change |
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Dow |
Up |
60 |
points |
16,417 |
8:01 AM |
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S&P500 |
Up |
0.26% |
percent |
1,838 |
|
4.68 |
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Nasdaq Composite |
Up |
0.22% |
percent |
4,164 |
|
9.07 |
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30 Year Treasury |
Up |
2 |
Basis Points |
3.92 |
Annual Yield |
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The Labor Department reports initial claims for unemployment benefits fell by 42,000 in the week that ended Dec. 21 to 338,000, below a consensus forecast of 345,000. This is the biggest drop since November 2012. |
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China’s banks are grappling with a surge of bad loans due to an economic slowdown. Non-performing loans in the wholesale and retail sector reached 2.6% — far above the banking industry average in 2013 — with information technology following at 2.0% and manufacturing at 1.8%, according to a study by the Chinese Academy of Social Sciences and reported by the China Daily on Thursday. |
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The average rate for a 30-year fixed-rate mortgage rose to 4.48% in the week that ended Dec. 26 from 4.47% the week before , according to Freddie Mac. A year ago, the 30-year rate was at 3.35%. The average rate for the 15-year fixed-rate mortgage increased to 3.52% from 3.51%. |
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Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. |
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http://www.marketwatch.com/story/weekly-jobless-claims-fall-by-most-in-a-year-2013-12-26 |
http://www.marketwatch.com/story/china-banks-see-bad-loan-surge-led-by-retail-trade-2013-12-25 |
http://www.marketwatch.com/story/30-year-mortgage-rate-ticks-up-to-448-2013-12-26-1091010 |
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