The KUIK Closing Market Report for Wednesday, March 27: | |||||||
Markets finished mixed | |||||||
Direction | Change | Units | Last | Time | Change | ||
Dow | Down | (34) | points | 14,526 | 2:46 PM | ||
S&P500 | Down | -0.06% | percent | 1,563 | (0.92) | points | |
Nasdaq Composite | Up | 0.12% | percent | 3,257 | 4.04 | points | |
30 Year Treasury | Down | (4) | Basis Points | 3.09 | Annual Yield | ||
Supporters of the Fed’s bond-buying program are not rushing to scale back the pace of purchases as the job market improves. In an interview with reporters, Charles Evans, the president of the Chicago Federal Reserve Bank, and a leading architect of the Fed’s ultra-loose policy, counseled a go-slow approach to making any changes to the $85-billion-a-month per month purchases of Treasurys and mortgage-backed securities. | |||||||
Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
For today’s Closing Market Report click to listen-> |