Morning Market Report 7/2/2012

This is Mike Elerath of BR Capital with the KUIK Morning Market Report for Monday, July, 2.
Markets are down this morning.
Index Direction Change Units Last 8:12 AM
Dow down (67) points             12,813
S&P500 down 0.28% percent               1,358
Nasdaq Composite down 0.16% percent               2,930
30 Year Treasury down                   (8) basis points                 2.67
U. S. stocks declined as data showed manufacturing unexpectedly shrank. The June rally in the S&P 500 Index was the biggest since 1999. DuPont Co. and Caterpillar slumped at least 2 percent to pace losses among large companies.   Amylin Pharmaceuticals rallied 9 percent as the company will be purchased by Brisot-Myers Squibb Co. for $5.3 billion in cash.
Always serving the West Side first, I am Mike Elerath of BR Capital for AM 1360 KUIK.
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3
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