| The KUIK Market Update for Thursday, December 4: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (82) | points | 17,831 | 8:07 AM | ||
| S&P500 | Down | -0.5% | percent | 2,064 | (9.84) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,765 | (9.24) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.97 | Annual Yield | ||
| The International Monetary Fund released the latest numbers for the world economy. Measuring national economic output, China will produce $17.6 trillion in goods and services this year, compared to $17.4 trillion for the U.S.A. | |||||||
| The Labor Department reports initial claims for unemployment benefits fell by 17,000 to 297,000 in the week ended November 29, a week that included Thanksgiving. The decline erased a spike in the prior week that pushed claims to the highest level since early September. Continuing claims increased by 39,000 to a seasonally adjusted 2.36 million in the week ended November 22, just above a 15-year low. | |||||||
| Freddie Mac reports the average rate for a 30-year fixed-rate mortgage fell to 3.89% in the week that ended December 4, hitting the lowest rate since May 2013, down from last week’s 3.97%. A year ago, the 30-year rate was at 4.46%. The average rate for the 15-year fixed-rate mortgage dropped to 3.10% down from 3.17% last week. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/its-official-america-is-now-no-2-2014-12-04 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-back-below-300000-2014-12-04?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-lowest-since-may-2013-2014-12-04 | |||||||
| For today’s Market Update Report click to listen-> | |||||||