Market Update Report 12/12/2012 | Beacon Rock Wealth Advisors

The KUIK Market Update for Wednesday, December 12:
Markets are up this morning but are now trading off their highs.
Index	Direction	Change	Units	Last	Time	Change
Dow	Up	15	points	13,264	8:04 AM
S&P500	Up	0.2%	percent	1,430		2.41	points
Nasdaq Composite	Unchanged	0.0%	percent	3,022		0.06	points
30 Year Treasury	Up	2	Basis Points	2.85	Annual Yield
Small-business optimism plunged in November in the wake of President Barack Obama’s re-election, according to data released yesterday by the National Federation of Independent Business. Its index of sentiment among small firms fell 5.6 points to 87.5. The survey found that 49% of small-business owners expect future business conditions to be worse than current conditions.
House Speaker John Boehner today said “serious differences” remain with President Barack Obama on resolving the fiscal cliff, a day after the two sides traded new proposals. Boehner said Obama’s plan to raise $1.4 trillion in revenue over 10 years can’t pass the House and repeated that Republicans want to cut spending. House Majority Leader Eric Cantor said the House would stay right up until Christmas Eve, and work after Christmas, to work on a deal.
Shares of Intel are leadng the tech sector higher today. Intel is flat after a strong opening at $20.67. The chipmaker yesterday announced a new Atom chip for micro-servers aimed at the data center market.

Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/nfib-small-business-optimism-index-plunges-2012-12-11
http://www.marketwatch.com/story/boehner-serious-differences-remain-with-obama-2012-12-12-10911728
http://www.marketwatch.com/story/intel-amd-lead-tech-rally-seagate-slips-2012-12-12\

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