| The KUIK Closing Market Report for Wednesday, July 3: | |||||||
| Markets finished up. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 56 | points | 14,989 | 11:27 AM | ||
| S&P500 | Up | 0.08% | percent | 1,615 | 1.33 | ||
| Nasdaq Composite | Up | 0.30% | percent | 3,444 | (1.09) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.50 | Annual Yield | ||
| In a major concession, the Federal Reserve gave Goldman Sachs two extra years to comply with the Lincoln rule a requirement that it divest its credit derivatives business to a separately capitalized unit so that a trading failure there would not impact its commercial bank division, which is backed by insured deposits and possible taxpayer bailouts. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-delays-swaps-rule-for-goldman-sachs-2013-07-03 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||