| This is Bill Roller of BR Capital with the KUIK Morning Market Report for Friday, July 13. | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | 8:04 AM | ||
| Dow | Up | 162 | points | 12,736 | |||
| S&P500 | Up | 1.15% | percent | 1,350 | |||
| Nasdaq Composite | Up | 0.97% | percent | 2,894 | |||
| 30 Year Treasury | Up | 3.1 | basis points | 2.60 | |||
| Moody’s cut Italy’s government bond rating to Baa2 from A3 with a negative outlook. The ratings firm said that Italy is more likely to experience a further sharp increase in its funding costs, or the loss of market access, than five months ago and that its near-term economic outlook has deteriorated as shown by weaker growth and higher unemployment. | |||||||
| JPMorgan Chase surged 4.4 percent to lead gains in the Dow Jones after Chief Executive Jamie Dimon said the bank will likely have record earnings this year even after reporting a $4.4 billion trading loss from its London office in the second quarter. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/moodys-downgrades-italys-government-bond-rating-2012-07-13?dist=lcountdown | |||||||
| http://www.bloomberg.com/news/2012-07-13/u-s-stock-futures-gain-amid-china-stimulus-speculation.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||