| The KUIK Market Update for Wednesday, March 19: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 14 | points | 16,350 | 8:05 AM | ||
| S&P500 | Up | 0.03% | percent | 1,873 | 0.57 | ||
| Nasdaq Composite | Down | -0.14% | percent | 4,327 | (6.06) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.63 | Annual Yield | ||
| The Federal Open Market Committee winds up its two day meeting today and announces its monetary policy guidance at 11:00 am Pacific time. Janet Yellen will hold her first press conference as Fed chairman at 11:30. She will probably face questions on the reduction in bond purchases and recent deterioration in economic conditions. | |||||||
| J.P. Morgan Chase is the latest bank to scale back its commodities business, striking a deal to sell its physical assets and trading arm to Swiss trading firm Mercuria Energy Group for $3.5 billion in cash. | |||||||
| High-frequency trading is back in the spotlight. New York State’s Attorney General Eric Schneiderman announced he will be taking a deeper look at the “unfair advantages” they have over regular investors. He said U.S. exchanges allow traders to obtain pricing information fractions of a second earlier, through technology, giving them an edge. They use sophisticated computer trading strategies to move in and out of positions in fractions of a second, and were blamed for the “flash crash” in 2010 when the Dow Jones Industrial Average plunged about 1,000 points in just minutes, then quickly recovered. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://live.wsj.com/video/what-to-watch-from-the-fed-meeting-2014-03-19/20BB8704-019C-4747-8646-2E7A1F84A3AC.html#!20BB8704-019C-4747-8646-2E7A1F84A3AC | |||||||
| http://www.marketwatch.com/story/jp-morgan-to-sell-commodities-business-for-35b-2014-03-19 | |||||||
| http://www.marketwatch.com/story/schneiderman-on-the-speed-bumps-he-wants-for-hfts-2014-03-19 | |||||||
| For today’s Market Update Report click to listen-> | |||||||