| The KUIK Market Update for Monday, November 26: | |||||||
| Markets opened down and are still down this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (65) | points | 12,944 | 7:42 AM | ||
| S&P500 | Down | -0.4% | percent | 1,403 | (6.17) | points | |
| Nasdaq Composite | Down | -0.1% | percent | 2,964 | (3.27) | points | |
| 30 Year Treasury | Down | (4) | Basis Points | 2.79 | Annual Yield | ||
| Treasury prices are up and yields are down, as anxiety over Greece’s debt problems and the fiscal cliff prompt investors look for the safety of government debt. Investors will be watching for developments at a meeting of euro-zone finance ministers, who will again try to agree on the releasing the next round of aid for Greece. And in the U.S., Congress returns to work after the Thanksgiving break, putting the focus on negotiations between the White House and Democrats and Republicans on Capitol Hill on avoiding the fiscal cliff — the combination of automatic tax increases and spending cuts that could tip the economy back into recession unless an alternative deal is reached. | |||||||
| U.S. financial stocks are weak amid renewed economic and political concerns, but shares of Knight Capital are up 15% on word the firm may be shopping its market making unit. The company has a market value of about $430 million was bailed out by six financial firms in August after losing $457 million in a trading error. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/treasurys-rise-on-greece-fiscal-cliff-worries-2012-11-26?dist=markets | |||||||
| http://www.bloomberg.com/news/2012-11-25/knight-seen-receiving-acquisition-offers-this-week-person-says.html | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||
| Shortlink-> | |||||||