| The KUIK Morning Market Report for Wednesday, October 15: | |||||||
| Markets are down at the open. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (349) | points | 15,967 | 11:57 AM | ||
| S&P500 | Down | -2.1% | percent | 1,839 | |||
| Nasdaq Composite | Down | -2.0% | percent | 4,143 | |||
| 30 Year Treasury | Down | (20) | Basis Points | 2.82% | Annual Yield | ||
| Wells Fargo the country’s No. 1 mortgage originator, said it made $48 billion in new home loans in the third quarter, slightly more than in the second but down 40% from 2013. Number 2 J.P. Morgan Chase said its third-quarter originations hit $21 billion, up from $17 billion in the second quarter, and down 48% from a year ago. | |||||||
| Republicans’ chances for taking over the Senate in the midterm elections rose to their highest point yet in a new average of polls. As of yesterday morning, Vox.com’s average of forecasts gives the GOP a 69% chance of taking the Senate from Democrats. The average is made up of six forecasts from the New York Times, fivethirtyeight.com and others like the Washington Post, last week it gave Republicans a 95% chance of winning the Senate. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/at-wells-fargo-and-chase-mortgage-lending-inches-up-2014-10-14 | |||||||
| http://www.marketwatch.com/story/republicans-senate-takeover-chances-highest-yet-in-poll-average-2014-10-14 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||