Market Update Report 12/18/2012 | Beacon Rock Wealth Advisors

The KUIK Market Update for Tuesday, December 18:

Markets are up this morning.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	67	points	13,302	8:09 AM
S&P500	Up	0.68%	percent	1,440			points
Nasdaq Composite	Up	0.86%	percent	3,036			points
30 Year Treasury	Up	5	Basis Points	2.98	Annual Yield

The current account deficit is the amount the U.S. owes to the rest of the world. It fell for the second straight quarter and reached the lowest in nearly two years, according to the Commerce Department. The nation’s current-account balance fell to $107.5 billion in the third quarter, 9% below an upwardly revised $118.1 billion in the second quarter.

Home builder confidence is highest since 2006. The National Association of Home Builders/Wells Fargo Housing Market Index rose two points to a seasonally adjusted 47 matching estimates from a downwardly revised 45 in November.

Apple’s request for a ban on U.S. sales of 26 Samsung devices was rejected by a federal judge following a jury verdict in August finding infringement of six of Apple’s patents. Apple failed to establish that consumer demand for Samsung products was driven by the technology in question, according to a ruling from U.S. District Judge Lucy Koh in San Jose. She said it wasn’t in the public interest to bar Samsung’s devices because the infringing elements constitute a limited part of Samsung’s phones.



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

http://www.marketwatch.com/story/us-current-account-deficit-shrinks-again-2012-12-18
http://www.marketwatch.com/story/home-builder-confidence-highest-since-2006-2012-12-18?dist=lcountdown
http://www.bloomberg.com/news/2012-12-18/apple-loses-bid-for-u-s-ban-on-infringing-samsung-phones.html


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