Market Update Report 12/27/2012 | Beacon Rock Wealth Advisors

The KUIK Market Update for Thursday, December 27:

Markets are trading down.

Index	Direction	Change	Units	Last	Time	Change
Dow	Down	(87)	points	13,028	8:11 AM
S&P500	Down	-0.86%	percent	1,408		(12.23)	points
Nasdaq Composite	Down	-0.58%	percent	2,971		(19.80)	points
30 Year Treasury	Down	(3)	Basis Points	2.90	Annual Yield

The Labor Department reported applications for jobless benefits decreased 12,000 to 350,000 in the week ended Dec. 22. Economists forecast 360,000, but claims in 19 states were estimated because some government offices were closed on Dec. 24 and 25.

The Conference Board said its consumer-confidence index declined in December, as expectations dropped to 66.5 — the lowest reading since November 2011 — from 80.9 in November. Overall consumer confidence fell to 65.1 in December, the lowest level since August.

The Commerce Department reports sales of new homes were up 4.4% in November to a two-and-a-half-year high. It is another sign of the recovery in the nation’s housing market. Sales of new homes are 15.3% higher compared to a year ago.

Lisa Jackson, the head of the Environmental Protection Agency, said Thursday she plans to resign. Jackson has been the Obama administration’s environmental watchdog since 2009. Jackson said she will step down shortly after President Obama’s State of the Union speech.

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

http://www.bloomberg.com/news/2012-12-27/jobless-claims-in-u-s-fall-as-holiday-leads-to-more-estimates.html
http://www.marketwatch.com/story/fiscal-cliff-concerns-spike-consumer-expectations-2012-12-27?dist=lcountdown
http://www.marketwatch.com/story/new-us-home-sales-hit-2-12-year-high-2012-12-27?dist=lcountdown
http://www.marketwatch.com/story/epa-chief-jackson-to-resign-2012-12-27

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