Closing Market Report 8/3/2012

This is Bill Roller of BR Capital with the KUIK Closing Market Report for Friday, August 3.
Markets had a big up day.
Direction Change Units  Last Time
Dow Up                    217 points             13,096 2:04 PM
S&P500 Up 1.9% percent               1,391
Nasdaq Composite Up 2.0% percent               2,968
30 Year Treasury Up                     11.5 basis points               2.66
Shares of market maker Knight Capital climbed 57% to $4.05 after TD Ameritrade said they will resume sending orders to Knight. For the week, however, they are down 61% after a botched trading software upgrade hit them   with 440 million in losses on Wednesday.
Crude-oil futures rallied spurred by optimism following a positive U.S. jobs report and as Wall Street traded sharply higher and the dollar lost ground. September Crude rose 4.9%, to settle at $91.40 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.marketwatch.com/story/financial-stocks-rally-knight-capital-rebounds-2012-08-03-121031237?link=MW_Nav_NV
http://www.marketwatch.com/story/oil-rises-on-inventory-data-but-nat-gas-slips-2012-08-03?dist=afterbell
For today’s Closing   Market Report click to listen-> https://beaconrwa.com/audio/Closing-Market-Report.mp3
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