| The KUIK Morning Market Report for Wednesday, January 9: | |||||||
| Markets opened up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 71 | points | 13,399 | 6:59 AM | ||
| S&P500 | Up | 0.4% | percent | 1,463 | 5.96 | points | |
| Nasdaq Composite | Up | 0.4% | percent | 3,104 | 12.33 | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 3.06 | Annual Yield | ||
| U.S. consumers took on plenty of debt in November for auto purchases and student loans, but didn’t put much on their credit cards. Consumer credit rose by a seasonally adjusted $16.1 billion in November, marking the second straight big gain according to the Federal Reserve. In October, consumers racked up $14.0 billion in additional debt. Adding debt is a sign of optimism about the economy. | |||||||
| The United States lost 3.5 million manufacturing jobs from the end of the 2000 to the end of 2007 and China was almost entirely to blame, a new research paper says. Authors Justin Pierce of the Federal Reserve and Peter Schott of Yale School of Management say Washington triggered the jobs exodus by reducing “policy uncertainty.” | |||||||
| Technology stocks edged higher early Wednesday led by shares of social networking giants LinkedIn and Facebook Facebook was up nearly 2% at $29.63. The company late Tuesday sent invitations to the media for an event at its Menlo Park, Calif. headquarters sparking speculation of a major announcement. Shares of LinkedIn also jumped more than 1% to $112.51 after the professional social networking site announced that it now has more than 200 million members. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/americans-add-debt-but-not-with-credit-card-2013-01-08 | |||||||
| http://blogs.marketwatch.com/election/2013/01/08/washington-helped-china-snare-u-s-manufacturing-jobs-study-says/ | |||||||
| http://www.marketwatch.com/markets?link=MW_Nav_MA | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||