| The KUIK Market Update for Monday, December 3: | |||||||
| Markets opened up this morning but have now given back some of their gains. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (1) | points | 13,026 | 7:30 AM | ||
| S&P500 | Up | 0.2% | percent | 1,418 | 2.27 | points | |
| Nasdaq Composite | Up | 0.4% | percent | 3,021 | 10.94 | points | |
| 30 Year Treasury | Up | 4 | Basis Points | 2.83 | Annual Yield | ||
| Marketwatch reports Treasury Secretary Timothy Geithner and House Speaker John Boehner solidified their stances on the fiscal cliff on Sunday, but Geithner predicted Republicans will in the end accept higher tax rates on the top 2% to reach a budget deal. | |||||||
| U.S. manufacturers contracted in November and activity fell to the lowest level since July 2009, as new orders sank and employment plans were scaled back, according to the Institute for Supply Management index. It fell to 49.5% from 51.7% in October. Economists expected the index to remain flat at 51.7%. Readings under 50 indicate more manufacturers are contracting. | |||||||
| The Commerce Department reports U.S. construction spending rose 1.4% in October, above analysts’ expectations of only a 0.5% gain. Private construction was up .6%, public projects rose 0.8%, and homebuilding was up a whopping 3.0%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/geithner-taxes-will-go-up-for-wealthiest-2-2012-12-02 | |||||||
| http://www.marketwatch.com/story/ism-index-drops-to-495-in-november-2012-12-03 | |||||||
| http://www.marketwatch.com/story/usconstruction-spending-jumps-14-in-october-2012-12-03 | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||
| Shortlink-> | |||||||