| This is Bill Roller of BR Capital with the KUIK Closing Market Report for Friday, May, 11 | |||||||
| Markets were mixed today. | |||||||
| Direction | Change | Units | |||||
| Dow | Down | (34) | points | 12,821 | 2:20 PM | ||
| S&P500 | Down | -0.34% | percent | 1,353 | |||
| Nasdaq Composite | Up | 0.01% | percent | 2,934 | |||
| 30 Year Treasury | Down | (3.6) | basis points | 3.02 | |||
| Two Democratic senators today pressed regulators and Federal Reserve to tighten rules writing to prohibit speculative trading by big banks in the wake of J.P. Morgan Chase’s revelation that it had taken a surprise $2 billion loss due to trading of credit default swaps. Carl Levin of Michigan and Jeff Merkley are co-authors of legislation included in the Dodd-Frank Act that would implement the so-called Volcker rule that seeks to prohibit big banks from trading stocks and derivatives with their own money and significantly limit banks’ investments in hedge funds and private-equity funds. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/dems-seek-tighter-volcker-rule-after-jp-morgan-2012-05-11?dist=afterbell | |||||||
| For today’s Closing Market Report click to listen-> | https://beaconrwa.com/audio/Closing-Market-Report.mp3 | ||||||
| Short Link> | http://wp.me/p2lo3H-jV | ||||||