Morning Market Report 4/9/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Tuesday, April 9:

Markets are flat.

Index	Direction	Change	Units	Last	Time	Change
Dow	Down	(2)	points	14,612	6:57 AM
S&P500	Down	-0.03%	percent	1,563		(0.44)	points
Nasdaq Composite	Down	-0.02%	percent	3,222		(0.75)	points
30 Year Treasury	Up	0	Basis Points	2.91	Annual Yield

Small businesses are worried. The March small-business optimism index of the National Federation of Independent Business fell 1.3 points to 89.5. The biggest fall in the index came from a 5-point slide in “expect real sales higher,” followed by 4-point slides in both “plans to increase employment” and “plans to increase inventories.” The report is based on the responses of 759 randomly sampled small businesses.

A report from China showed inflation eased last month from a 10-month high, reducing pressure on policy makers to tighten credit as the economy recovers. The country’s consumer price index rose 2.1 percent in March from a year earlier. That trailed the 2.5 percent median estimate of economists in a Bloomberg News survey.

U.S. banks are stronger than they were a few years ago, thanks in part to government stress tests, Federal Reserve Chairman Ben Bernanke said yesterday. The resilience of the U.S. banking system has greatly improved since [2009], and the more intensive use and greater sophistication of supervisory stress testing … deserve some credit for that improvement,” Bernanke said in a speech to the Atlanta Federal Reserve’s annual financial-market conference in Stone Mountain, GA.



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

http://www.marketwatch.com/story/nfib-small-business-optimism-index-drops-in-march-2013-04-09
http://www.bloomberg.com/news/2013-04-09/u-s-stock-index-futures-are-little-changed-alcoa-falls.html
http://www.marketwatch.com/story/bernanke-us-banks-are-stronger-now-2013-04-08


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