Market Update Report 9/9/2014 | Beacon Rock Wealth Advisors

The KUIK Market Update for Tuesday, September 9:
Markets are down.
Index	Direction	Change	Units	Time	Change
Dow	Down	(62)	points	17,049	8:09 AM
S&P500	Down	-0.3%	percent	1,996	(5.92)
Nasdaq Composite	Down	-0.3%	percent	4,577	(14.93)
30 Year Treasury	Up	0	Basis Points	3.23	Annual Yield
Moody’s Investors Service cut its outlook on Brazil’s subprime government-bond rating to negative from stable. The country’s weakened near-term growth prospects, along with sustained low economic growth over the past four years, have been “compounded by the recent recession.” Moody’s says Brazil’s gross domestic product will probably grow by less than 1% in 2014, which is below its annual growth potential of around 3%.
The Department of Labor says job openings at U.S. workplaces were almost unchanged in July, ticking down to 4.67 million from 4.68 million in June, which was the most since early 2001. Compared with same period last year, July job openings are up 22%, as private-sector openings increased to 4.19 million, and government positions rose to 485,000 from 384,000. With 9.67 million unemployed people in July, there were about 2.1 job seekers per opening.
U.K. Prime Minister David Cameron and other top politicians are traveling to Scotland to talk to voters ahead of next week’s referendum on whether to keep Scotland within the U.K. The move comes as a YouGov poll and other surveys show growing support for Scotland breaking away from the union. The pound continued a two-day selloff against the dollar.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/moodys-cuts-outlook-on-brazil-to-negative-from-stable-2014-09-09-10914452?link=MW_Nav_NV
http://blogs.marketwatch.com/capitolreport/2014/09/08/u-s-consumer-credit-up-a-record-amount-in-july/
http://www.marketwatch.com/story/july-job-openings-tick-down-to-467-million-2014-09-09
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