The KUIK Closing Market Report for Wednesday, June 28:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
144
points
21,455
3:11 PM
S&P500
Up
0.9%
percent
2,441
21.31
Nasdaq Composite
Up
1.4%
percent
6,234
87.79
30 Year Treasury
Up
3
basis points
2.77
Annual Yield
The House Committee on Financial Services Capital Markets subcommittee discussed stock market structure. Stock exchanges have evolved beyond their role as neutral market referees and their conflicts of interest are hurting long-term investors and the integrity of the markets, according to witnesses at a hearing on Capitol Hil. Brad Katsuyama, CEO of Investors Exchange, said that the national stock exchanges have become “entrenched in selling high-speed data and technology, which (conflicts) with their role as self-regulatory organizations with a mandate to maintain fair and orderly markets.”
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
