| The KUIK Market Update for Thursday, April 17: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 1.2 | points | 16,426 | 7:58 AM | ||
| S&P500 | Up | 0.06% | percent | 1,863 | 1.15 | ||
| Nasdaq Composite | Up | 0.19% | percent | 4,094 | 7.89 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.48 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits increased by 2,000 to 304,000 in the week that ended April 12. Economists expected claims a seasonally adjusted 315,000. It also reported that continuing claims decreased by 11,000 to a seasonally adjusted 2.74 million in the week ended April 5, hitting the lowest level since December 2007. | |||||||
| Manufacturing in the Philadelphia picked up in April, according to the the Federal Reserve Bank of Philadelphia. The Philly Fed diffusion index rose to 16.6 in April from 9.0 in March for the highest reading since last September. Readings above zero indicate expansion. Economists expected the index to improve only to 10.0. | |||||||
| The average rate for a 30-year fixed-rate mortgage fell to 4.27% in the week that ended April 17 down from 4.34% last week, according Freddie Mac. A year ago, the 30-year rate was at 3.41%. The average rate for the 15-year fixed fell to 3.33% from 3.38%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/weekly-jobless-claims-tick-up-from-lowest-level-since-2007-2014-04-17 | |||||||
| http://www.marketwatch.com/story/philly-fed-manufacturing-index-picks-up-in-april-2014-04-17 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-falls-to-427-2014-04-17-9915959 | |||||||
| For today’s Market Update Report click to listen-> | |||||||