Closing Market Report 6/11/2013

The KUIK Closing Market Report for Tuesday, June 11:
 
Markets finished mixed.
 
  Direction Change Units  Last  Time Change  
Dow Down                   (117) points           15,239 1:49 PM    
S&P500 Down -1.02% percent             1,626       (16.68) points
Nasdaq Composite Down -1.06% percent             3,474       (36.82) points
30 Year Treasury Down                      (4) Basis Points               3.33 Annual Yield    
 
J.P. Morgan Chase credit rating outlook was revised to negative by Standard & Poor’s. S&P reduced the outlook on the likelihood that government support for the largest American banks was waning. J.P. Morgan’s rating was reduced from stable, bringing it in line with several other banks, including Goldman Sachs and Bank of America.
 
Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK.
 
http://www.marketwatch.com/story/jp-morgan-credit-outlook-cut-by-sp-2013-06-11?dist=afterbell
 
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