| The KUIK Market Update for Thursday, November 20: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (11) | points | 17,677 | 7:47 AM | ||
| S&P500 | Up | 0.1% | percent | 2,051 | (3.08) | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,693 | (26.73) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.05 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits fell by 2,000 to a seasonally adjusted 291,000 in the week ended November 15. Claims are below the key 300,000 level for the 10th straight week. Claims from two weeks ago were revised up to 293,000 from 290,000. Continuing claims fell by 73,000 to a seasonally adjusted 2.33 million in the week ended November 8. | |||||||
| The Labor Department also reports the consumer price index was unchanged last month. Annual inflation was unchanged at 1.7% in October, but that’s down from two-year high of 2.1% in June.Falling gasoline prices offset increases in housing, medical care, and airline tickets. | |||||||
| The average rate for a 30-year fixed-rate mortgage fell to 3.99% in the week ended November 20 down from last week’s 4.01%. A year ago, the 30-year rate was at 4.22%. The average rate for the 15-year fixed fell to 3.17% down 3.20%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-stay-below-300000-as-layoffs-remain-low-2014-11-20 | |||||||
| http://www.marketwatch.com/story/consumer-prices-flat-in-october-as-gas-tumbles-2014-11-20 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-declines-to-399-2014-11-20-109108 | |||||||
| For today’s Market Update Report click to listen-> | |||||||