| The KUIK Market Update for Thursday, November 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 79 | points | 17,691 | 8:03 AM | ||
| S&P500 | Up | 0.3% | percent | 2,044 | 5.75 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,695 | 19.58 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.09 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits rose by 12,000 to a seasonally adjusted 290,000 in the week ended November 8. A year ago, claims were 15% higher at 342,000. Despite the increase, jobless claims have been below the 300,000 level for nine straight weeks. The last time that happened was at the end of the Internet boom in 2000. Continuing claims increased by 36,000 to a seasonally adjusted 2.39 million in the week ended November 1st. | |||||||
| Freddie Mac reports the average rate on a 30-year fixed mortgage was 4.01% in the week that ended November 13, down from 4.02% last week. The 15-year fixed was at 3.2%, down from 3.21%. | |||||||
| Industrial output in China rose 7.7% in October from a year ago, slowing from an 8.0% annual increase in September, according to China’s National Bureau of Statistics. That was below economists expectations for an 8.0% gainin a Wall Street Journal survey. Retail sales rose 11.5% in September from a year earlier, slowing slightly from 11.6% annualy in September. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-climb-12000-to-290000-2014-11-13 | |||||||
| http://www.marketwatch.com/story/30-year-fixed-rate-mortgage-edges-down-to-401-freddie-mac-2014-11-13 | |||||||
| http://www.marketwatch.com/story/china-industrial-output-growth-retail-sales-slow-2014-11-13?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||