| The KUIK Closing Market Report for Friday, May 22: | |||||||
| Markets were down. | |||||||
| Index | Direction | Change | Units | Index | Time | Change | |
| Dow | Down | (54) | points | 18,232 | 1:49 PM | ||
| S&P500 | Down | -0.2% | percent | 2,126 | (4.76) | ||
| Nasdaq Composite | Down | 0.0% | percent | 5,089 | (1.43) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.99 | Annual Yield | ||
| Federal Reserve Chairman Janet Yellen is not convinced that recent soft economic data indicates a lasting slowdown. In an address to the Providence Rhode Island Chamber of Commerce, Yellen said that although the outlook remains uncertain, “the U.S. economy seems well positioned for continued growth” and she still expects the central bank to raise rates this year, followed by gradual moves thereafter. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/yellen-unmoved-by-soft-data-says-she-expects-rate-hike-this-year-2015-05-22 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||