| The KUIK Market Update for Thursday, October 9: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (134) | points | 16,860 | 7:53 AM | ||
| S&P500 | Down | -0.8% | percent | 1,954 | (14.89) | ||
| Nasdaq Composite | Down | -0.7% | percent | 4,438 | (30.83) | ||
| 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 global response to the Ebola virus remains “way behind the curve,” according to World Bank President Jim Yong Kim. Kim called on the global community to set up effective treatment in the three Western African nations at the source of the outbreak. He says: “You have to stop these epidemics at the source. Trying to block your borders or isolating those counties is not going to work.” | |||||||
| 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/global-response-to-ebola-remains-way-behind-the-curve-world-banks-kim-2014-10-09 | |||||||
| For today’s Market Update Report click to listen-> | |||||||