The KUIK Closing Market Report for Wednesday, January 27:
Markets were down.
Index Direction Change Units Index Time Change
Dow Down (223) points 15,944 2:01 PM
S&P500 Down -1.1% percent 1,883 (20.68)
Nasdaq Composite Down -2.2% percent 4,468 (99.51)
30 Year Treasury Up 1 Basis Points 2.79 Annual Yield
The Federal Reserve wound up its two day policy meeting. It left the funds target range unchanged between 0.25% and 0.5%. In a dovish statement, Fed officials said inflation is expected to remain “low in the near term” and the economy has “slowed.”
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/fed-signals-diminished-appetite-to-lift-interest-rates-2016-01-27
For today’s Closing Market Report click to listen->