The KUIK Closing Market Report for Monday, January 13: |
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Markets ended down. |
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|
Direction |
Change |
Units |
Last |
Time |
Change |
|
Dow |
Down |
(179) |
points |
16,258 |
2:27 PM |
|
|
S&P500 |
Down |
-1.26% |
percent |
1,819 |
|
(23.17) |
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Nasdaq Composite |
Down |
-1.47% |
percent |
4,113 |
|
(61.36) |
|
30 Year Treasury |
Down |
(3) |
Basis Points |
3.77 |
Annual Yield |
|
|
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Stocks moved lower on remarks by Atlanta Fed president Dennis Lockhart. In a speech to the Rotary Club of America, he said he supports “similar tapering steps” as the one taken to reduce bond-market purchases by $10 billion by the Federal Reserve last month, as long as the economy grows at the 2.5% to 3% clip he’s forecasting this year. |
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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/us-stocks-fall-on-labor-market-fears-2014-01-13?dist=markets |
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For today’s Closing Market Report click to listen-> |
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