Morning Market Report 6/21/2012

This is Bill Roller of BR Capital with the KUIK Morning Market Report for Thursday, June, 21
Markets are down this morning.
Index Direction Change Units Last 8:10 AM
Dow Down                    (10) points             12,814
S&P500 Down -0.80% percent               1,345
Nasdaq Composite Down -0.93% percent               2,903
30 Year Treasury Down                     (4.1) basis points               2.68
The National Association of Realtors reported purchases of existing properties dropped 1.5 percent to a 4.55 million annual rate last month.  Economists surveyed by Bloomberg called for a 4.57 million annual rate.
More Americans than forecast filed new applications for unemployment benefits last week, indicating the labor market continues to struggle. The Labor Department reported jobless claims decreased by 2,000 to   387,000 in the week ended June 16. The median forecast of economists 383,000.   The four-week average climbed to the highest level of the year.
Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.bloomberg.com/news/2012-06-21/sales-of-existing-u-s-homes-fell-in-may-to-4-55-million-rate.html
http://www.bloomberg.com/news/2012-06-21/more-americans-than-forecast-file-claims-for-jobless-benefits.html
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3
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