| The KUIK Market Update for Friday, June 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 39 | points | 16,773 | 8:02 AM | ||
| S&P500 | Up | 0.3% | percent | 1,936 | 6.04 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,316 | 17.97 | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.41 | Annual Yield | ||
| The University of Michigan Thomson Reuters consumer sentiment index hit three month low with a June reading of 81.2, down from a final May level of 81.9. Economists expected 82.8, thanks to healthy jobs trends and rising stock prices. The index averaged 86.9 over the year leading up to the start of the 2007 recession. | |||||||
| The average rate for a 30-year fixed-rate mortgage rose to 4.20% in the week ended June 12 up from 4.14% last week, according to Freddie Ma. A year ago, the rate was 3.98%. The average rate for the 15-year fixed-rate mortgage increased to 3.31% up from 3.23%. | |||||||
| Oil prices are near a nine-month high in the wake of continued violence in Iraq, July crude is up 0.1%, to $106.67 a barrel on the New York Merc. Prices are on track for a gain of 3.9% on the week after closing Thursday at their highest level since Sept. 18, 2013. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-at-three-month-low-2014-06-13?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-420-2014-06-12-109104 | |||||||
| http://www.marketwatch.com/story/oil-rises-to-9-month-high-as-iraq-violence-weighs-2014-06-13?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||