| The KUIK Closing Market Report for Wednesday, July 30: | |||||||
| Markets ended mixed. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Down | (32) | points | 16,880 | 1:12 PM | ||
| S&P500 | Up | 0.0% | percent | 1,970 | 0.12 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,463 | 20.20 | ||
| 30 Year Treasury | Up | 9 | Basis Points | 3.31 | Annual Yield | ||
| The Federal Reserve today cut its bond-buying stimulus program for the fifth straight time, to $25 billion a month, with top officials saying the economy “rebounded in the second quarter.” The Fed also said it still sees “significant” slack in the U.S. labor market that warrants keeping money easy for months to come. The likelihood of inflation running persistently below 2%, meanwhile, “has diminished somewhat.” | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-sees-economy-gaining-speed-mildly-higher-inflation-2014-07-30 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||