| This is Bill Roller of BR Capital with the KUIK Closing Market Report for Tuesday, July 17. | |||||||
| Markets finished up today. | |||||||
| Direction | Change | Units | Last | Time | |||
| Dow | Up | 78 | points | 12,806 | 2:41 PM | ||
| S&P500 | Up | 0.74% | percent | 1,364 | |||
| Nasdaq Composite | Up | 0.45% | percent | 2,910 | |||
| 30 Year Treasury | Up | 4.70 | basis points | 2.60 | |||
| U.S. stocks rose, erasing earlier losses, as Federal Reserve Chairman Ben S. Bernanke told senators the central bank is prepared to act to boost growth if the labor market doesn’t improve. | |||||||
| Even if the economy rebounds from the meltdown of 2008, leading budget experts said that the financial crises facing many states will continue indefinitely. The State Budget Crisis Task Force, an independent group led by former Federal Reserve Chairman Paul Volcker said rising Medicaid costs, expected federal budget cuts, underfunded pensions, volatile tax revenue and encumbering laws will prevent states from developing a sustainable budget unless significant changes are made. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-07-17/u-s-stocks-erase-losses-as-bernanke-says-fed-is-prepared-to-act.html | |||||||
| http://www.marketwatch.com/story/state-budget-crisis-seen-lasting-2012-07-17?dist=afterbell | |||||||
| For today’s Closing Market Report click to listen-> | https://beaconrwa.com/audio/Closing-Market-Report.mp3 | ||||||
| Short Link> | |||||||