Morning Market Report 12/18/2012 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Tuesday, December 18:

Markets opened higher this morning.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	5	points	13,243	7:00 AM
S&P500	Up	0.14%	percent	1,432		2.02	points
Nasdaq Composite	Up	0.36%	percent	3,022		10.98	points
30 Year Treasury	Up	3	Basis Points	2.96	Annual Yield

The amount the U.S. owes to the rest of the world, known as the current-account deficit, fell sharply for the second straight quarter, reaching the lowest in nearly two years, according to the Commerce Department. The nation’s current-account balance fell to $107.5 billion in the third quarter, 9% below an upwardly revised $118.1 billion in the second quarter,

The dollar strengthened against the Japanese yen but weakened versus the euro and the British pound, with rising expectations for a deal to avert the fiscal cliff boosting risk appetite and robbing the U.S. currency of its safe-haven appeal.

Apple’s request for a U.S. sales ban on 26 Samsung devices was rejected by a federal judge following a jury verdict in August finding infringement of six of Apple’s patents. Apple failed to establish that consumer demand for Samsung products was driven by technology in question, U.S. District Judge Lucy Koh in San Jose, said in her ruling yesterday. She said it wasn’t in the public interest to bar Samsung’s devices because the infringing elements constituted a limited part of Samsung’s phones.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/us-current-account-deficit-shrinks-again-2012-12-18
http://www.marketwatch.com/story/dollar-up-against-yen-but-weaker-versus-euro-2012-12-18
http://www.bloomberg.com/news/2012-12-18/apple-loses-bid-for-u-s-ban-on-infringing-samsung-phones.html


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