The KUIK Closing Market Report for Wednesday, March 15:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
113
points
20,950
4:41 PM
S&P500
Up
0.8%
percent
2,385
19.81
Nasdaq Composite
Up
0.7%
percent
5,900
43.23
30 Year Treasury
Down
(6)
basis points
3.11
Annual Yield
The Federal Reserve raised its fed funds rate to a range between 0.75% and 1%. That was the third increase in ten yers but also the second time in three months. Janet Yellen pointed to steady U.S. growth, an improving labor market and greater confidence among consumers and businesses to justify its decision to raise rates.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
