| The KUIK Closing Market Report for Friday, May 31: | |||||||
| Markets finished down. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Down | (209) | points | 15,116 | 2:51 PM | ||
| S&P500 | Down | -1.43% | percent | 1,631 | |||
| Nasdaq Composite | Down | -1.01% | percent | 3,456 | |||
| 30 Year Treasury | Up | 2 | Basis Points | 3.31 | Annual Yield | ||
| Treasury Secreary Jack Lew wrote a letter to Congress and said the governemnt will suspend investments in a federal employee retirement fund, the latest move to buy more time to avoid a default. The U.S. reached its borrowing limit on May 18, but the Treasury will take measures like this to keep paying the government’s bills until after Labor Day. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/treasury-takes-another-measure-to-avoid-default-2013-05-31 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||