Morning Market Report 6/6/2012

This is Bill Roller of BR Capital with the KUIK Morning Market Report for Wednesday, June, 6
Markets are up this morning.
Index Direction Change Units Last 7:57 AM
Dow Up                    168 points             12,297
S&P500 Up 1.49% percent               1,305
Nasdaq Composite Up 1.87% percent               2,830
30 Year Treasury Up                      3.6 basis points               2.66
The Labor Department reported that productivity of workers and businesses fell more sharply in the first quarter than originally estimated, as output was revised lower and hours worked rose slightly faster. Productivity dropped 0.9% in the first three months of the year, compared to an initial estimate of a 0.5% decline.
Crude-oil futures pared their gains after the U.S. Energy Information Administration reported a smaller-than-expected 100,000-barrel decline in U.S. crude supplies for the week ended June 1.
Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/first-quarter-productivity-revised-to-09-decline-2012-06-06
http://www.marketwatch.com/story/oil-pares-gain-eia-posts-small-crude-supply-fall-2012-06-06
For today’s Morning Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3
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