The KUIK Closing Market Report for Wednesday, July 16: |
Markets ended up. |
Direction |
Change |
Units |
Last |
Time |
Change |
Dow |
Up |
77 |
points |
17,138 |
3:20 PM |
S&P500 |
Up |
0.4% |
percent |
1,982 |
8.29 |
Nasdaq Composite |
Up |
0.2% |
percent |
4,426 |
9.58 |
30 Year Treasury |
Down |
(2) |
Basis Points |
3.35 |
Annual Yield |
Dallas Fed President Richard Fisher said ending asset purchases this fall isn’t enough — the Fed should should start to taper the reinvestment of maturing securities in October. That was in a speech today at the University of Southern California. Minutes from the last Federal Open Market Committee meeting showed many officials want to wait until, or after, rates start increasing before ending reinvestment. |
Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. |
http://www.marketwatch.com/story/feds-fisher-calls-for-reinvestment-taper-in-october-2014-07-16 |
For today’s Closing Market Report click to listen-> |
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