| The KUIK Market Update for Thursday, November 15: | |||||||
| Markets are still down slightly this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (9) | points | 12,558 | 7:53 AM | ||
| S&P500 | Down | 0.0% | percent | 1,355 | (0.41) | points | |
| Nasdaq Composite | Down | -0.2% | percent | 2,841 | (5.54) | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 2.74 | Annual Yield | ||
| Unemployment hit an eighteen month high. The Labor Department says first-time jobless claims jumped by 78,000 to a seasonally adjusted 439,000 in the week ended Nov. 10. A government spokesman said applications surged in the parts of the country that lay in the path of Hurricane Sandy. Economists surveyed by MarketWatch forecast a rise to only 380,000. | |||||||
| Foreclosure activity went up 3% in October compared to September according to RealTrac. Foreclosure filings including default notices, scheduled auctions and bank repossessions were reported on 186,455 U.S. properties during the month. Activity is down 19% compared with October 2011. Foreclosure moratoriums put in place because of Hurricane Sandy may prolong the foreclosure process in and hold up the housing recovery, | |||||||
| The Philadelphia Fed’s November manufacturing survey turned negative in November, dropping to negative 10.7 from +5.7 in October. Economists polled by MarketWatch forecast a plus 3.0 reading. The Philly Fed blamed the disruptive effects of Hurricane Sandy on the region. 32% of firms reported declines in activity this month, while 21% reported increases. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-soar-after-hurricane-sandy-2012-11-15 | |||||||
| http://www.marketwatch.com/story/foreclosure-activity-rises-3-in-october-2012-11-15 | |||||||
| http://www.marketwatch.com/story/philadelphia-fed-index-turns-negative-in-november-2012-11-15 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||
| Shortlink-> | |||||||