| This is Bill Roller of BR Capital with the KUIK Closing Market Report for Tuesday, July, 3 | |||||||
| Markets ended up today. | |||||||
| Direction | Change | Units | |||||
| Dow | Up | 72 | points | 12,944 | 1:19 PM | ||
| S&P500 | Up | 0.62% | percent | 1,374 | |||
| Nasdaq Composite | Up | 0.84% | percent | 2,976 | |||
| 30 Year Treasury | Up | 4.8 | basis points | 2.74 | |||
| A failure to avoid the “fiscal cliff” could slash the U.S. growth rate to under a 1% annual rate and risk harming the global economy, the International Monetary Fund said in a report released today. The fiscal cliff is Washington shorthand for current tax and spending plans, enacted in law when the debt ceiling was narrowly passed last summer, that would shrink the deficit by around 4% of gross domestic product in 2013. These policies “could reduce growth to well below 1%, with negative growth early next year and significant negative repercussions on an already fragile world economy,” the IMF warned. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/imf-urges-us-lawmakers-to-remove-fiscal-cliff-2012-07-03?dist=afterbell | |||||||
| For today’s Closing Market Report click to listen-> | https://beaconrwa.com/audio/Closing-Market-Report.mp3 | ||||||
| Short Link> | |||||||