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

The KUIK Market Update for Tuesday, April 9:

Markets are flat.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	7	points	14,622	8:01 AM
S&P500	Up	0.02%	percent	1,563		0.36	points
Nasdaq Composite	Up	0.04%	percent	3,224		1.28	points
30 Year Treasury	Unchanged	–	Basis Points	2.90	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.

Payments to 4.2 million borrowers whose homes were in any stage of foreclosure in 2009 or 2010 will begin Friday, the Federal Reserve and the Office of the Comptroller of the Currency announced today. The payments, will range from $300 to $125,000, and will be sent out in several waves between now and mid-July. The payments are being made to compensate for the robo-signing scandal, when bank employees falsely attested that foreclosure documents were correct without reviewing them.

Job openings at U.S. workplaces increased to 3.93 million in February — the highest level since May 2008 — from 3.61 million in January, according to the Labor Department. Compared with same period in2012, February’s job openings rose 11%.



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.marketwatch.com/story/banks-to-start-making-foreclosure-payments-2013-04-09
http://www.marketwatch.com/story/february-job-openings-rise-to-393-million-2013-04-09


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