Morning Market Report 6/28/2012

This is Bill Roller of BR Capital with the KUIK Morning Market  Report for Thursday, June, 28
Markets are down this morning.
Index Direction Change Units Last 7:48 AM
Dow Down                   (111) points             12,527
S&P500 Down -1.23% percent               1,316
Nasdaq Composite Down -1.60% percent               2,829
30 Year Treasury Down                      (4) basis points               2.66
JPMorgan Chase tumbled on a report that the lender’s trading   losses from credit derivatives may total as much as $9 billion.  JPMorgan slumped 3.4 percent after the New   York Times said the trading losses may exceed the firm’s initial estimate.
The Labor Departmet reported applications for unemployment   benefits stayed near the highest level of the year last week, showing little   improvement in the U.S. labor market.    Jobless claims decreased by 6,000 to 386,000 in the week ended June   23, in line with estimates.
Always serving the   West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.bloomberg.com/news/2012-06-28/u-s-stock-futures-decline-before-european-union-summit.html
http://www.bloomberg.com/news/2012-06-28/jobless-claims-in-u-s-hovered-last-week-near-2012-high.html
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3
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