| The KUIK Market Update for Tuesday, December 4: | |||||||
| Markets opened up this morning but are now given back some of their gains. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 18 | points | 12,984 | 7:59 AM | ||
| S&P500 | Down | -0.1% | percent | 1,408 | (1.50) | points | |
| Nasdaq Composite | Down | -0.4% | percent | 2,989 | (13.22) | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 2.79 | Annual Yield | ||
| Congress will consider overhauling debt collection in the $100 billion-a-year U.S. student loan program, replacing it with automatic withdrawals from borrowers’ paychecks tied to their income — a system used in the U.K. Legislation that Wisconsin Representative Tom Petri plans to introduce as soon as this week would require employers to withhold payments from wages in the same way they do taxes. Payments would be capped at 15 percent of borrowers’ income after basic living expenses. | |||||||
| Oracle has joined other companies in accelerating dividend payments ahead of tax increases in 2013. The software company said its board has approved an “accelerated” dividend totaling 18 cents a share for its fiscal 2013 second, third and fourth quarters. The dividend is intended to be in lieu of dividends Oracle would have paid in 2013. | |||||||
| February gold 1.6%, to $1,694 an ounce on the New York Merc because of short selling in Asia. The 1700 level is an important psychological level for gold. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-12-04/student-loan-collection-targeted-for-overhaul-in-congress.html | |||||||
| http://www.marketwatch.com/story/gold-drops-nearly-20-after-selling-in-asia-2012-12-04?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||
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