| The KUIK Market Update for Wednesday, November 26: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (11) | points | 17,804 | 7:56 AM | ||
| S&P500 | Up | 0.1% | percent | 2,069 | 1.78 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,772 | 13.25 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.94 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits jumped by 21,000 to 313,000 in the week ended November 22. That’s an 11-week high and above 300,000 for the first time since September. Economists expected a seasonally adjusted 288,000. Continuing claims fell by 17,000 to a seasonally adjusted 2.32 million, touching the lowest level since the December 2000. | |||||||
| The National Association of Realtors reports the index of pending home sales fell 1.1% in October, signaling that the housing market might be cooling down. The index hit a seasonally adjusted 104.1 in October, compared with 105.3 in September. Pending sales usually close within two months. 100 equals 2001’s average level of contract activity. | |||||||
| Freddie Mac reports 30-year fixed-rate mortgage fell to 3.97% in the week ending November 26, down from 3.99% last week. The 15-year fixed-rate was unchanged at 3.17%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-surge-to-11-week-high-2014-11-26 | |||||||
| http://www.marketwatch.com/story/pending-home-sales-fall-11-in-october-2014-11-26-1091455?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/30-year-fixed-rate-mortgage-stays-below-4-in-latest-week-2014-11-26?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||