| The KUIK Market Update for Thursday, December 20: | |||||||
| Markets are now flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 5 | points | 13,257 | 8:09 AM | ||
| S&P500 | Up | 0.17% | percent | 1,438 | 2.41 | points | |
| Nasdaq Composite | Down | -0.02% | percent | 3,044 | (0.67) | points | |
| 30 Year Treasury | Down | (0) | Basis Points | 2.98 | Annual Yield | ||
| The Labor Department reports that first-time jobless claims rose to a seasonally adjusted 361,000 in the week ended Dec. 15, versus an upwardly revised 344,000 in the week before. That’s slightly about the consensus estimate of 360,000. | |||||||
| House Republicans will vote today on a tax increase for top earners, which they previously rejected. Efforts are deteriorating to avoid January’s fiscal cliff. Even as Republicans bridge their concerns over taxes by pairing spending reductions with House Speaker Boehner’s plan, the White House has declared his proposal dead on arrival and warned business leaders yesterday that talks between President Obama and Boehner are regressing. | |||||||
| Existing home sales rose 5.9% in November to a seasonally adjusted annual rate of 5.04 million, reaching the highest rate since November 2009, according to the National Association of Realtors. | |||||||
| The Conference Board says that the economy seems to be slowing. Its leading economic index dropped .2% in November, in line with expectations. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/initial-jobless-claims-climb-17000-2012-12-20 | |||||||
| http://www.bloomberg.com/news/2012-12-20/budget-talks-falter-as-republicans-set-tax-increase-vote.html | |||||||
| http://www.marketwatch.com/story/sales-of-existing-homes-highest-in-three-years-2012-12-20?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/leading-economic-index-drops-in-november-2012-12-20?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||