Closing Market Report 6/19/2013

The KUIK Closing Market Report for Wednesday, June 19:
Markets had a big off day.
Direction Change Units  Last Time Change
Dow Down                     (206) points             15,112 3:40 PM
S&P500 Down -1.39% percent               1,629       (22.88) points
Nasdaq Composite Down -1.13% percent               3,443      30.00 points
30 Year Treasury Up                       7 Basis Points               3.41 Annual Yield
The Federal Reserve today said downside risks to the economy and   the U.S. jobs market have “diminished since the fall,” in a more   upbeat policy statement. The Fed expects growth to pick up in 2014 after   slowing a bit in 2013, with the unemployment rate falling to as low as 6.5%   by next year instead of 2015 as previously forecast.
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-> [audio  https://beaconrwa.com/audio/Closing-Market-Report.mp3]