| The KUIK Morning Market Report for Monday, November 26: | |||||||
| Markets opened down this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (73) | points | 12,938 | 6:57 AM | ||
| S&P500 | Down | -0.5% | percent | 1,403 | (6.50) | points | |
| Nasdaq Composite | Down | -0.1% | percent | 2,964 | (2.55) | points | |
| 30 Year Treasury | Down | (5) | Basis Points | 2.78 | 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. | |||||||
| Shares of Facebook Inc. rose 5% early Monday after Bernstein Research raised the stock’s rating to outperform citing the social networking giant’s “revenue growth potential” in the next two years. Shares of Apple Inc. also edged up 1% to $578 after Citigroup re-initiated coverage with a buy rating, saying the stock is poised for gains after a near-term sell-off. | |||||||
| 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.marketwatch.com/industries?link=MW_Nav_IND | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||