| The KUIK Market Update for Thursday, January 16: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (76) | points | 16,403 | 7:51 AM | ||
| S&P500 | Down | -0.33% | percent | 1,842 | (6.12) | ||
| Nasdaq Composite | Down | -0.10% | percent | 4,211 | (4.27) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.78 | Annual Yield | ||
| The Labor Department reports initial jobless claims dipped by 2,000 to 326,000 in the week ended Jan. 11 for the smallest number in six weeks. Economists expected a seasonally adjusted 330,000. Ccontinuing claims, those already receiving benefits rose by 174,000 to a seasonally adjusted 3.03 million in the week ended Jan 4. | |||||||
| The Philadelphia Fed’s manufacturing index edged up to a reading of 9.4 in January from a downwardly revised 6.4 reading in December. Economists expected of 8.9. The index has positive for eight straight months. The new-orders component fell, while shipments rose slightly. Inventories took deep dive to negative 19.6 from positive 16 in December. | |||||||
| The average rate for a 30-year fixed-rate mortgage fell to 4.41% in the week that ended Jan. 16, hitting the lowest level since late November, down from 4.51% the week before, according to Freddie Mac. A year ago, the 30-year rate was at 3.38%. The average rate for the 15-year fixed fell to 3.45% from 3.56%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-to-six-week-low-2014-01-16 | |||||||
| http://www.marketwatch.com/story/philly-fed-manufacturing-index-picks-up-in-january-2014-01-16 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-drops-to-441-2014-01-16-109105 | |||||||
| For today’s Market Update Report click to listen-> | |||||||