Morning Market Report 7/18/2012

This is Bill Roller of BR Capital with the KUIK Morning Market Report for Wednesday, July 18.
Markets are up this morning.
Index Direction Change Units Last 8:02 AM
Dow Up                     74 points             12,880
S&P500 Up 0.51% percent               1,371
Nasdaq Composite Up 0.93% percent               2,937
30 Year Treasury Unchanged                        – basis points               2.60
Housing   starts rose 6.9 percent last month to 760,000 annually after a revised   711,000 May that was higher than initially estimated, according to the Commerce Department. Economists expected 745,000. Building permits fell, reflecting a drop in applications for apartment construction.
Crude-oil futures shot up after The Energy Information Administration reported oil   inventories declined 800,000 barrels in the week ended July 13. August crude rose 0.7%, to $89.85 a barrel on the New York Merc.
Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.bloomberg.com/news/2012-07-18/u-s-stocks-erase-drop-as-technology-industrials-gains.html
http://www.marketwatch.com/markets/us?link=MW_Nav_MA
For today’s Morning Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3
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