| The KUIK Market Update Report for Wednesday, December 19: | |||||||
| Markets opened lower and are now flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (4) | points | 13,347 | 8:13 AM | ||
| S&P500 | Down | -0.09% | percent | 1,445 | (1.33) | points | |
| Nasdaq Composite | Up | 0.14% | percent | 3,059 | 4.17 | points | |
| 30 Year Treasury | Down | (6) | Basis Points | 2.95 | Annual Yield | ||
| The Treasury will sell its ownership in General Motors by as early as January. GM will buy back 200 million shares at $27.50 in a deal that should close by the end of the year, and Treasury will sell the other 300 million shares as soon as January, depending on market conditions. Taxpayers will lose about $12.6 billion on the deal. | |||||||
| The World Bank sees strong growth in Asia. It expects growth in East Asia to pick up to 6.6% in 2013 and 2014, from 5.8% in 2012. Japanese stocks rallied, up 2.4% to 10,160, and are up more than 20% for the year. | |||||||
| European stocks rose, as investors reacted to improvement in German business confidence and as optimism over U.S. fiscal-cliff negotiations sparked buying of riskier assets. The Stoxx Europe 600 index rose 0.5% to 282, for a 2012 high. | |||||||
| Retro toys are hot this Christmas. Marketwatch reports the top toys this year are include Teenage Mutant Ninja Turtles, E.T. and Furby dolls. Shipping containers filled with Power Rangers arriving at U.S. ports during the August-through-October retailer order window were up 91% from last year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/treasury-to-sell-remaining-gm-stake-2012-12-19-8103523 | |||||||
| http://www.marketwatch.com/story/world-bank-sees-robust-asian-growth-2012-12-19 | |||||||
| http://www.marketwatch.com/story/europe-stocks-extend-gains-on-fiscal-cliff-hopes-2012-12-19?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/retro-toys-dusted-off-for-a-comeback-2012-12-18 | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||