| The KUIK Market Update for Thursday, June 19: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (24) | points | 16,882 | 8:00 AM | ||
| S&P500 | Down | -0.1% | percent | 1,955 | (2.12) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,352 | (11.26) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.42 | Annual Yield | ||
| The Labor Department reports Initial jobless claims declined by 6,000 to 312,000 in the week ended June 14. Economists expected a seasonally adjusted 310,000. Continuing claims fell by 54,000 to a seasonally adjusted 2.56 million in the week ended June 7. | |||||||
| Signaling that economic growth could pick up in coming months, the leading economic index for the U.S. rose 0.5% in May to 101.7, according to the Conference Board. Recent data suggest the economy is finally moving up from a 2% growth trend to a more robust expansion,” said Conference Board economist Ken Goldstein in a statement. | |||||||
| The Philadelphia Fed’s manufacturing index jumped to a reading of 17.8 in June up from 15.4 in May for the highest reading of activity since last September. That topped the economist forecast of 14.0. Shipments, new orders, employment, and prices paid all increased. | |||||||
| The average rate for a 30-year fixed-rate mortgage fell to 4.17% in the week ended today down from 4.20% last week according to Freddie Mac. A year ago, the 30-year rate was at 3.93%. The average rate for the 15-year fixed-rate mortgage fell 3.30% down from 3.31% last week. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-fall-near-post-recession-low-2014-06-19 | |||||||
| http://www.marketwatch.com/story/us-leading-economic-index-rises-05-in-may-2014-06-19?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/philly-fed-index-jumps-in-june-2014-06-19?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||