| The KUIK Market Update for Friday, December 7: | |||||||
| Markets opened up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 26 | points | 13,101 | 7:55 AM | ||
| S&P500 | Down | 0.0% | percent | 1,413 | (0.61) | points | |
| Nasdaq Composite | Down | -0.4% | percent | 2,979 | (10.55) | points | |
| 30 Year Treasury | Up | 4 | Basis Points | 2.80 | Annual Yield | ||
| The Labor Department reports the U.S. added 146,000 jobs last month. The unemployment rate fell to 7.7% from 7.9%, the lowest level since December 2008 but due to the labor force shrinking. | |||||||
| Marketwatch reports that silver is more popular and volatile than ever, ready to finish the year with gains more than double those of gold, as the industrial metal is gaining popularity as an investment asset. The iShares Silver Trust recovered from last year’s 11% drop and is up more than 19% this year. | |||||||
| Consumer sentiment had a big drop in December, as the looming fiscal cliff made its first measurable dent on the public’s psyche. The preliminary University of Michigan-Thomson Reuters consumer sentiment index fell to 74.5 from 82.7 in November, far below the 82.0 expected by economists. lt eliminates four months of gains and is the biggest one-month drop since March 2011. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-creates-146000-jobs-in-november-2012-12-07-81034448?link=MW_home_latest_news | |||||||
| http://www.marketwatch.com/story/silver-gains-favor-as-an-investment-asset-2012-12-07?dist=markets | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-nose-dives-in-december-2012-12-07?link=MW_home_latest_news | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||
| Shortlink-> | |||||||