| The KUIK Market Update for Tuesday, November 13: | |||||||
| Markets are up after a weak open. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 74 | points | 12,888 | 8:05 AM | ||
| S&P500 | Up | 0.5% | percent | 1,387 | 7.46 | points | |
| Nasdaq Composite | Up | 0.1% | percent | 2,906 | 1.52 | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 2.73 | Annual Yield | ||
| U.S. financial stocks sank at the open on Tuesday as markets focused on policy uncertainty ahead of the so-called fiscal cliff set to policy changes at the beginning of the New Year. Goldman Sachs and Morgan Stanley were among the top decliners. | |||||||
| You may unlike Facebook on Wednesday when 800 million of the company’s shares held by insiders become eligible for sale after the post-initial public offering lockup. They will be available for sale in the open market and will potentially double the size of the company’s share float. Facebook shares currently trade at $19.91. | |||||||
| Treasury prices are up, pushing yields down, as European leaders declined to give Greece its latest round of bailout funding and amid lingering uncertainty about the US economy. Yields on 10-year notes fell 2 basis points to 1.59%. Bond markets were closed yesterday in honor of Veterans Day. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fiscal-cliff-fears-send-financials-into-the-red-2012-11-13?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/facebook-braces-for-biggest-lockup-wave-2012-11-13 | |||||||
| http://www.marketwatch.com/story/treasurys-gain-on-greece-fiscal-worries-2012-11-13?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||
| Shortlink-> | |||||||