The KUIK Closing Market Report for Wednesday, April 17: |
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Markets finished up. |
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|
Direction |
Change |
Units |
Last |
Time |
Change |
|
Dow |
Down |
(139) |
points |
14,619 |
2:26 PM |
|
|
S&P500 |
Down |
-1.43% |
percent |
1,552 |
|
(22.56) |
points |
Nasdaq Composite |
Down |
-1.84% |
percent |
3,205 |
|
(59.96) |
points |
30 Year Treasury |
Down |
(2) |
Basis Points |
2.89 |
Annual Yield |
|
|
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Credit rating agency Moody’s Investors Service revised its methodology for analyzing municipal pension obligations and put the credit ratings of $12.5 billion in municipal securities under review for possible downgrade. Those cities under review include Chicago, Cincinnati, Minneapolis, Santa Fe, and Portland, Oregon. |
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Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. |
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http://www.marketwatch.com/story/moodys-may-downgrade-125-billion-in-muni-debt-2013-04-17?link=MW_Nav_MA |
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For today’s Closing Market Report click to listen-> |
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