| The KUIK Market Update for Tuesday, March 12: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 19 | points | 14,466 | 7:57 AM | ||
| S&P500 | Down | -0.10% | percent | 1,555 | (1.62) | points | |
| Nasdaq Composite | Down | -0.30% | percent | 3,243 | (9.84) | points | |
| 30 Year Treasury | Down | (3) | Basis Points | 3.23 | Annual Yield | ||
| Is 18,000 possible? Wharton School of Business Finance Professor Jeremy Siegel makes the case for the Dow to hit 18,000 in an interview on Fox Business News. In the interview, Siegel pointed to the rotation out of savings and bonds, recovering housing and an economy that can continue to expand without heating up inflationary pressures as key drivers for stocks. | |||||||
| The Securities and Exchange Commission charged the state of Illinois with misleading municipal-bond investors by failing to disclose large-scale underfunding of the state’s pension system. The SEC said Illinois officials understated in numerous municipal-bond documents how the pension system posed financial risks to potential investors in the state’s bonds. | |||||||
| The Labor Department reported job openings at U.S. workplaces increased to 3.69 million in January from 3.61 million in December. Compared with same period in 2012, January’s job openings rose 8% — private openings increased 7% to 3.29 million, and government openings rose 14%, reaching 400,000. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://blogs.marketwatch.com/thetell/2013/03/12/jeremy-siegel-makes-the-case-for-the-dow-going-to-18000/ | |||||||
| http://www.marketwatch.com/story/illinois-hit-with-sec-charges-over-public-pensions-2013-03-11 | |||||||
| http://www.marketwatch.com/story/january-job-openings-rise-to-369-million-2013-03-12-1091246 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||