| The KUIK Morning Market Report for Thursday, October 9: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (75) | points | 16,920 | 7:06 AM | ||
| S&P500 | Down | -0.5% | percent | 1,960 | (8.88) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,446 | (22.86) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.05 | Annual Yield | ||
| New applications for unemployment benefits in the first week of October was nchanged at 287,000. Initial claims have fallen below the key 300,000 level for four straight weeks, the first time that’s happened since 2006. Economists surveyed by MarketWatch expected claims to rise to a seasonally adjusted 294,000. Continuing claims fell by 21,000 to a seasonally adjusted 2.38 million in the week ended Sept. 27. | |||||||
| The average rate for a 30-year fixed-rate mortgage fell to 4.12% in the week that ended Oct. 9, hitting the lowest rate in a month, down from last week’s 4.19%, according to Freddie Mac. A year ago, the rate was 4.23%. The average rate for the 15-year fixed-rate mortgage fell to 3.30% down from 3.36%. | |||||||
| The Wall Street Journal reports House Democrats are pulling advertising money from 11 congressional races where hopes of victory are dimming. The races include several in Michigan, California and New York. In place of those races, they’re shifting cash to a half-dozen different contests where party leaders want to protect vulnerable incumbents or see solid odds of winning. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-flat-at-287000-near-lowest-level-since-2006-2014-10-09 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-falls-to-412-2014-10-09-9915957 | |||||||
| http://www.marketwatch.com/story/embattled-democrats-turn-against-nancy-pelosi-2014-10-09 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||