| The KUIK Market Update for Wednesday, December 5: | |||||||
| Markets are all trading down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (22) | points | 12,930 | 8:05 AM | ||
| S&P500 | Down | -0.4% | percent | 1,401 | (5.74) | points | |
| Nasdaq Composite | Down | -1.0% | percent | 2,968 | (28.96) | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 2.76 | Annual Yield | ||
| ADP reports 118,000 private-sector jobs were added in November, 114,000 were in services in line with estimates ADP said Hurricane Sandy cost 86,000 jobs, in manufacturing, retailing, leisure and hospitality, and temporary help industries. 16,000 manufacturing jobs were lost during the month, and 23,000 construction jobs were added as the housing industry continues its recovery. | |||||||
| The Institute for Supply Management says its services index moved up to 54.7% last month from 54.2% in October. A number over 50 means expansion. | |||||||
| The Commerce Department reported factory orders rose 0.8% in October, stronger than expected, the Commerce Department. Economists polled by MarketWatch had forecast a 0.1% decline. | |||||||
| What do you do with a billion dollar apple? David Miller, a trader at Stamford, Conn.-based Rochdale Securities, was charged with wire fraud yesterday after he allegedly arranged a $1 billion purchase of Apple stock in an unauthorized trade that hit the brokerage firm with a multi-million dollar loss, according to federal prosecutors. They say he purchased 1.6 million shares of Apple with the brokerage’s money on Oct. 25, the same day Apple announced quarterly earnings. Miller was banking on a rise in Apple stock on the earnings report. Instead, the stock fell. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobs-growth-slows-in-november-adp-estimates-2012-12-05 | |||||||
| http://www.marketwatch.com/story/us-service-sector-accelerates-in-november-2012-12-05?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/us-factory-orders-up-08-in-october-2012-12-05?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||
| Shortlink-> | |||||||