Market Update Report 7/9/2013 | Beacon Rock Wealth Advisors

The KUIK Market Update for Tuesday, July 9:

Markets are up.

Index	Direction	Change	Units	Last	Time
Dow	Up	46	points	15,271	7:48 AM
S&P500	Up	0.46%	percent	1,648
Nasdaq Composite	Up	0.29%	percent	3,495
30 Year Treasury	Down	(1)	Basis Points	3.63	Annual Yield

Job openings at U.S. workplaces rose to 3.83 million in May from 3.8 million in April, according to the Labor Department. Compared with 2012, May’s job openings rose 1.4%, as private openings rose 1.9% to 3.42 million, and government openings declined to 405,000 from 414,000. With about 11.76 million unemployed people in May, there were 3.1 potential job seekers per opening, the same as April.

The International Monetary Fund its estimate of U.S. and world economic growth. The IMF lowered its global outlook by 0.2 percentage points this year and next, forecasting 3.1% growth in 2013 and 3.8% growth in 2014. The IMF now sees U.S. growth of 1.7% in 2013 and 2.7% in 2014.

U.S. home foreclosures dropped sharply over the past year, but inventories of distressed properties remain high in certain states, according to Corelogic More than 50,000 foreclosures were completed in May, up 3.5% from April but down 27% compared with the year-earlier period. Despite the drop, levels remain relatively high. The monthly average of completed foreclosures from 2000 to 2006 was only 21,000. The top three states with foreclosures as a percentage of mortgaged homes are Florida, New Jersey, and New York.



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

http://www.marketwatch.com/story/may-job-openings-rise-to-383-million-2013-07-09-10911059
http://www.marketwatch.com/story/imf-trims-world-us-growth-forecast-2013-07-09
http://blogs.marketwatch.com/capitolreport/2013/07/09/u-s-foreclosures-down-27-over-past-year-corelogic/


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