Closing Market Report 8/22/2014

The KUIK Closing Market Report for Friday, August 22:
Markets ended mixed.
Direction Change Units  Last Time Change
Dow Down                    (38) points           17,001 1:24 PM
S&P500 Down -0.2% percent             1,988       (3.97)
Nasdaq Composite Up 0.1% percent             4,539        6.45
30 Year Treasury Down                      (4) Basis Points               3.16 Annual Yield
Treasury prices fell today on remarks by Federal Reserve Chairman Janet Yellen. At the Jackson Hole Fed symposium she said that the economy is moving toward its objectives. Once it gets there, the central bank will exit its easy money policies. However, the timing of rate hikes is flexible as the central bank focuses on worker wages, quality of jobs, and slack in the labor market.
Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK.
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