| The KUIK Closing Market Report for Wednesday, April 30: | |||||||
| Markets were up. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 45 | points | 16,581 | 2:52 PM | ||
| S&P500 | Up | 0.3% | percent | 1,884 | 5.62 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,115 | 11.01 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.46 | Annual Yield | ||
| The Federal Reserve voted unanimously to trim its monthly bond-buying by $10 billion to a monthly pace of $45 billion. This is the fourth straight meeting with that $10 billion reduction and came just hours after a report showed the economy barely grew in the first three months of the year. The Commerce Department said the economy expanded at a 0.1% rate in the first quarter, down from 2.6% growth in the fourth quarter of 2013. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-continues-to-taper-looking-past-weak-first-quarter-2014-04-30 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||