The KUIK Closing Market Report for Wednesday, December 11: |
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Markets were down today. |
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Direction |
Change |
Units |
Last |
Time |
Change |
|
Dow |
Down |
(130) |
points |
15,844 |
2:55 PM |
|
|
S&P500 |
Down |
-1.13% |
percent |
1,782 |
|
(20.40) |
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Nasdaq Composite |
Down |
-1.40% |
percent |
4,004 |
|
(56.68) |
|
30 Year Treasury |
Up |
5 |
Basis Points |
3.88 |
Annual Yield |
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|
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Investors focused on the U.S. budget deal announced yesterday. It gives the Fed another reason to taper its $85 billion dollar a month in bond purchases at its December 18 policy meeting. The lack of a budget agreement could have triggered another government shutdown, and the Fed’s reaction would have meant a later tapering,. |
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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/stocks-under-pressure-as-street-assesses-budget-deal-2013-12-11?dist=afterbell |
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For today’s Closing Market Report click to listen-> |
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