Closing Market Report 7/13/2012

This is Bill Roller of BR Capital with the KUIK Closing Market Report for Friday, July 13.
Markets had a big up day today.
Direction Change Units  Last Time
Dow Up                    204 points             12,777 2:45 PM
S&P500 Up 1.65% percent               1,357
Nasdaq Composite Up 1.48% percent               2,908
30 Year Treasury Up                     2.00 basis points               2.58
JPMorgan Chase surged to lead gains in the Dow Jones after Chief Executive Jamie Dimon said the bank will have record earnings this year even after reporting a $4.4 billion trading loss from its London office in the second quarter. JPMorgan finished up 6% to $36.07 a share
China’s economy cooled to its weakest rate of growth since the first quarter of 2009 expanding 7.6% from a year earlier. Growth eased from 8.1% expansion in the first quarter, and matched economists expectations.
Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/jp-morgan-wells-fargo-lift-financials-2012-07-13
http://www.marketwatch.com/story/china-second-quarter-growth-cools-to-76-2012-07-12
For today’s Closing   Market Report click to listen-> https://beaconrwa.com/audio/Closing-Market-Report.mp3
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