| The KUIK Morning Market Report for Wednesday, November 7: | |||||||
| Markets are down on an election hangover. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (242) | points | 13,006 | 7:32 AM | ||
| S&P500 | Down | -1.9% | percent | 1,402 | (26.38) | points | |
| Nasdaq Composite | Down | -1.9% | percent | 2,955 | (57.37) | points | |
| 30 Year Treasury | Down | (9) | Basis Points | 2.82 | Annual Yield | ||
| The big news in the markets is the reelection of President Barack Obama to another four year term. | |||||||
| Home prices fell. Corelogic says that on a month-over-month basis, home prices decreased by 0.3% in September 2012 compared to revised August 2012 data. The decrease represents the first month-over-month decline since February 2012. | |||||||
| Coal producers are down, with Peabody Energy the top loser in the S&P 500 and smaller companies posting steeper losses. Peabody is down 9.2%. James River Coal off 24%, and Arch Coal down 11%. The National Mining Association said the EPA under President Barack Obama, has pursued a virtual moratorium on coal-mining permits. Analysts had predicted coal stocks would perform better under the energy policies of a Romney administration than a second Obama administration, which continues to back the development of alternatives to fossil fuels. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-decreased-in-september-2012-11-06 | |||||||
| http://www.marketwatch.com/story/coal-producers-post-steep-losses-peabody-down-9-2012-11-07 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
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