Closing Market Report 7/16/2014

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->