Closing Market Report 8/16/2012

The KUIK Closing Market Report for Thursday, August 16:
It was an up day on Wall Street
Direction Change Units  Last Time
Dow Up                     85 points             13,250 2:51 PM
S&P500 Up 0.7% percent               1,416
Nasdaq Composite Up 1.0% percent               3,062
30 Year Treasury Up                      4.2 basis points                 2.96
The Philadelphia Fed’s manufacturing index came in at negative 7.1 which is a slight improvement over July’s negative 12.9 reading but below the survey of economists calling for a negative 5.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/august-philly-fed-index-negative-for-fourth-month-2012-08-16?dist=afterbell
For today’s Closing Market Report click to listen-> https://beaconrwa.com/audio/Closing-Market-Report.mp3
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