Market Update Report 1/4/2013

The KUIK Market Update for Friday, January 4:
Markets are mixed.
Index Direction Change Units Last Time Change
Dow Down                      (4) points             13,387 8:01 AM
S&P500 Up 0.1% percent               1,461               1.62 points
Nasdaq Composite Down -0.2% percent               3,094              (1.17) points
30 Year Treasury Up                       3 Basis Points                 3.14 Annual Yield
The Labor Department reports the U.S. created 155,000 jobs in December and the unemployment rate was unchanged at 7.8%,  Economists expected 160,000. Novembers unemployment rate reported at 7.7% was revised upward to 7.8%.
As a result of the budget deal your paycheck will be getting smaller.  Social Security tax deductions on paychecks will go up to 6.2% from 4.2%.
U.S. home sales and prices are poised to rise in 2013, solidifying a recovery that began last year after a half-decade slump that was the deepest since the Great Depression, according to analysts surveyed by Bloomberg.   Record-low mortgage rates and attractive prices, supported by declining unemployment, are luring buyers as the inventory of distressed homes shrinks.   Homebuilders are responding by adding supply, bolstering economic growth.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/us-gains-155000-jobs-in-december-2013-01-04
http://blogs.marketwatch.com/thetell/2013/01/04/post-cliff-tax-teeth-nipping-paychecks-with-new-irs-guidelines/
http://www.bloomberg.com/news/2013-01-04/housing-a-sweet-spot-for-u-s-economy-as-recovery-expands.html
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3