| The KUIK Market Update for Monday, February 11: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (16) | points | 13,977 | 8:09 AM | ||
| S&P500 | Down | -0.01% | percent | 1,518 | (0.16) | points | |
| Nasdaq Composite | Down | -0.06% | percent | 3,192 | (1.96) | points | |
| 30 Year Treasury | Up | 0 | Basis Points | 3.17 | Annual Yield | ||
| Marketwatch reports that Goldman Sachs has gone neutral on stocks for the next three months. In a note dated Feb. 8, the investment bank cut its rating on global equities to neutral from overweight on a three-month horizon, citing some shakiness over the near-term view. Goldman says the equity market needs time to digest recent gains. | |||||||
| The current dispute-resolution systems at the three main consumer-credit-rating agencies used in the U.S. are violating the law, CBS reported Sunday on “60 Minutes.” The report cited what it said were widespread mistakes with individuals’ credit reports, focusing on the industry’s three main firms: Equifax, Experian, and TransUnion. The report included an interview with Ohio Attorney General Mike DeWine, who said the industry was violating the Fair Credit Reporting Act by failing to adequately address mistakes in people’s credit records. | |||||||
| Norway’s sovereign-wealth fund, the world’s largest, agreed to purchase a 49.9 percent stake in five office properties for 600 million from TIAA-CREF, its first real estate investment in the US. Norway, Europe’s second-biggest oil and gas exporter, generates money for the $700 billion fund from taxes on oil and gas, ownership of petroleum fields and dividends from its 67 percent stake in Statoil, the country’s largest energy company. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://blogs.marketwatch.com/thetell/2013/02/11/while-you-were-nemo-watching-goldman-got-a-little-bearish-on-equities/ | |||||||
| http://www.marketwatch.com/story/credit-reporting-agencies-breaking-law-report-2013-02-10 | |||||||
| http://www.bloomberg.com/news/2013-02-11/norway-s-wealth-fund-makes-first-u-s-real-estate-purchase.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||