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| Treasure
State |
| Corporate
Credit Union |
101 N Rodney Suite 2 |
Helena,
Montana |
59601 |
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Copyright
© 2012 |
| Treasure
State |
| Corporate
Credit Union |
All
Rights Reserved
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| Welcome to Treasure State Corporate Credit Union's Web Site. |
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| Market
Commentary for December 29, 2011
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(RTTNews) - Stocks have moved modestly higher in early trading on Thursday, regaining some ground after falling sharply in the previous session. The major averages have all climbed into positive territory, although buying interest remains subdued.
The major averages have pulled back off their highs for the young session in the past few minutes but are holding on to modest gains. The Dow is up 50.14 points or 0.4 percent at 12,201.55, the Nasdaq is up 5.26 points or 0.2 percent at 2,595.24 and the S&P 500 is up 4.81 points or 0.4 percent at 1,254.45.M
The early strength on Wall Street comes on the heels of the release of the results of Italy's longer-term bond auctions, with an auction of 2.5 billion euros worth of ten-year bonds drawing a yield below the key 7 percent level.
The auction results have helped to ease some of the concerns about the European debt crisis that were reignited by yesterday's report regarding the European Central Bank's balance sheet.
Meanwhile, disappointing U.S. jobs data has helped to limit the upside for the markets, as a report from the Labor Department showed that initial jobless claims rose by more than expected in the week ended December 24th.
The report showed that initial jobless claims rose to 381,000 from the previous week's revised figure of 366,000. Economists had expected jobless claims to climb to 372,000 from the 364,000 originally reported for the previous week.
The bigger than expected increase in jobless claims comes after claims fell to their lowest level since May of 2008 in the previous week.
A majority of the major sectors indices have moved higher in early trading, although most are showing only modest upward moves. |
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NCUA NEWS |
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Member Deposits Guaranteed
NCUA has extended the expiration date of the Temporary Share Guarantee Program through December 31, 2012. With this extension, new investments in corporates are covered under the guarantee if they mature between now and the new expiration date. This is in addition to the existing deposits already covered. |
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| Funds Transfer |
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| Today’s financial environment demands quick and efficient movement of funds. TSCCU offers a wide variety of methods to move funds in and out of your account. |
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Click
image to enlarge |
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