| The KUIK Market Update for Thursday, March 13: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (32) | points | 16,308 | 7:57 AM | ||
| S&P500 | Down | -0.15% | percent | 1,865 | (2.82) | ||
| Nasdaq Composite | Down | -0.26% | percent | 4,312 | (11.40) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.66 | Annual Yield | ||
| The Labor Department reported initial jobless claims fell by 9,000 to 315,000 in the week ended March 8. Economists polled by MarketWatch expected a seasonally adjusted 330,000. The average of new claims over the past month, a more reliable gauge of employment trend, also fell to a three-month low. | |||||||
| May copper fell 0.5%, to $2.95 a pound. It’s been hit hard by worries about the Chinese economy. It is at levels not seen since June 2010 and down over 13% year-to-date, the worst performer among precious or base metals. | |||||||
| Freddie Mac reports the average rate for a 30-year fixed-rate mortgage rose to 4.37% in the week that ended March 13 from 4.28% the week before. A year ago, the rate was at 3.63%. The average rate for the 15-year fixed increased to 3.38% from 3.32%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/retail-sales-rise-for-first-time-in-three-months-2014-03-13 | |||||||
| http://www.marketwatch.com/story/jobless-claims-fall-to-3-month-low-of-315000-2014-03-13 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-437-2014-03-13-1091032 | |||||||
| For today’s Market Update Report click to listen-> | |||||||