| The KUIK Closing Market Report for Wednesday, January 29: | |||||||
| Markets ended down. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | (190) | points | 15,739 | 3:14 PM | ||
| S&P500 | Down | -1.02% | percent | 1,774 | (18.30) | ||
| Nasdaq Composite | Down | -1.14% | percent | 4,051 | (46.53) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 3.62 | Annual Yield | ||
| The House or Representatives today passed a five-year farm bill. The bill is expected to pass the Senate and be signed by President Obama. It cuts $8 billion in food stamp funding over 10 years. Republicans originally asked for a $40 billion cut. Major crops will continue to be subsidized, but direct payments to farmers are being cut. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/01/29/farm-bill-with-smaller-food-stamp-cuts-heading-for-approval/ | |||||||
| For today’s Closing Market Report click to listen-> | |||||||