| The KUIK Closing Market Report for Wednesday, December 18: | |||||||
| Markets had a big up day. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 293 | points | 16,168 | 2:06 PM | ||
| S&P500 | Up | 1.66% | percent | 1,811 | 29.65 | ||
| Nasdaq Composite | Up | 1.15% | percent | 4,070 | 46.38 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.91 | Annual Yield | ||
| The Federal Reserve voted to cut $10 billion a month from its $85 billion bond-buying program, starting in January. The central bank also indicated it will keep the key fed funds interest rate near zero well past the time that the unemployment rate declines below 6.5%. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-cuts-bond-buying-program-to-75-billion-2013-12-18 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||