Closing Market Report 6/1/2012

This is Bill Roller of BR Capital with the KUIK Closing Market Report for Friday, June, 1
Markets had a big down today.
Direction Change Units
Dow Down              (275) points             12,119 1:25 PM
S&P500 Down -2.46% percent               1,278
Nasdaq Composite Down -2.82% percent               2,747
30 Year Treasury Down             (13.2) basis points                 2.54
The top U.S. auto makers continued driving toward recovery in May, posting double-digit sales growth with the help of brisk demand and   somewhat looser consumer credit. General Motors Co. said that U.S. sales of new cars and trucks rose by more than 245,000 vehicles, up 11% compared with May of 2011,
The Labor Department reported only 69,000 new jobs in May and the jobless rate moved up to 8.2%.  This is the smallest increase since May 2011.
Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/big-three-auto-sales-roar-in-may-2012-06-01?dist=afterbell
http://www.marketwatch.com/story/us-economy-creates-69000-jobs-in-may-2012-06-01
For today’s Closing   Market Report click to listen-> https://beaconrwa.com/audio/Closing-Market-Report.mp3
Short Link> http://wp.me/p2lo3H-mU