| The KUIK Closing Market Report for Wednesday, July 23: | |||||||
| Markets finished mixed. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Down | (27) | points | 17,087 | 1:40 PM | ||
| S&P500 | Up | 0.2% | percent | 1,987 | 3.48 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,474 | 17.68 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.26 | Annual Yield | ||
| The International Monetary Fund today trimmed its forecast for U.S. economic growth to 1.7% from 2% due to weakness in the first quarter. At the same time, the IMF said U.S. growth would pick up above 3% over the next eighteen months. The first rate hike from the Federal Reserve is likely to come in mid-summer 2015, around the same time that Fed officials have suggested. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/imf-trims-us-2014-growth-forecast-to-17-2014-07-23 | |||||||