| The KUIK Closing Market Report for Wednesday, October 29: | |||||||
| Markets had a big up day. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Down | (31) | points | 16,974 | 4:57 PM | ||
| S&P500 | Down | -0.1% | percent | 1,982 | (2.75) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,549 | (15.07) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.05 | Annual Yield | ||
| The Federal Reserve voted today end its bond-buying stimulus program known as QE3 and signalled the markets that it was not worried about global weakness, low inflation, or volatility in financial markets. In a statement, the Fed left unchanged its pledge that rates would remain near zero for a “considerable time.” If the economy improves faster than expected, than the first rate hike could come sooner than anticipated. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-ends-qe3-and-sends-upbeat-signals-on-economy-2014-10-29 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||