Closing Market Report 7/9/2012

This is Bill Roller of BR Capital with the KUIK Closing Market Report for Monday, July 9.
Markets ended down today.
Direction Change Units
Dow Down                    (36) points             12,736 2:24 PM
S&P500 Down -0.16% percent               1,352
Nasdaq Composite Down -0.19% percent               2,932
30 Year Treasury Up                      4.8 basis points                 2.62
Corn futures rose more than 5%  as investors worry about drought  and high temperatures threatening crops in the Midwest. Corn futures finished up 5.3%, at $7.30 a bushel on the Chicago   Board of Trade, after active trading at limit up today. Corn has gained about 15% this month.
Semiconductor stocks headed south, with analysts citing signs of weaker demand and bracing for grim results from the upcoming earnings season.  The Philadelphia Semiconductor Index lost 1.2%, leading the tech sector retreat. Intel finished up slightly to 26.17 a share.
Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/corn-rallies-5-as-near-drought-threatens-midwest-2012-07-09?dist=afterbell
http://www.marketwatch.com/story/chip-stocks-hit-by-emerging-bearish-view-2012-07-09
For today’s Closing Market Report click to listen-> https://beaconrwa.com/audio/Closing-Market-Report.mp3
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