The KUIK Market Update for Tuesday, January 12:
Markets are up but down from their early highs.
Index Direction Change Units Time
Dow Up 54 points 16,450 7:46 AM
S&P500 Up 0.4% percent 1,931
Nasdaq Composite Up 0.8% percent 4,677
30 Year Treasury Down (3) Basis Points 2.93 Annual Yield
Shares in Asia mostly recovered Tuesday, as the Chinese yuan stabilized for the third straight day, though trading was volatile. The Shanghai Composite Index rose 0.4% to 3028.04, but it traded up and down as much as 1% from Monday’s close when it was down 5.3%.
European stocks advanced after a four-session losing streak The Stoxx Europe 600 index gained 0.8% to 342.95, after closing on Monday at the lowest level since late September.
The Labor Department’s Job Openings and Labor Turnover Survey showed 5.43 million job openings, up from 5.34 in October. Hires rose to 5.2 million from 5.17 , and more people – 2.83 million – quit. That’s a sign of worker confidence in their job prospects.
Oil futures started out higher but February crude is now off 1.4% to $30.97 a barrel on the New York Merc.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/china-stocks-gain-asian-markets-breathe-sigh-of-relief-2016-01-11
http://www.marketwatch.com/story/european-stocks-rebound-after-four-day-losing-streak-2016-01-12
http://www.marketwatch.com/story/job-openings-rise-to-543-million-in-november-2016-01-12-1010385
http://www.marketwatch.com/investing/future/clg6?link=MW_home_latest_news
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