| 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 | ||||||