The KUIK Closing Market Report for Wednesday, July 26:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
98
points
21,711
2:41 PM
S&P500
Up
0.0%
percent
2,478
0.70
Nasdaq Composite
Up
0.2%
percent
6,423
10.57
30 Year Treasury
Down
(2)
basis points
2.89
Annual Yield
The Federal Reserve took a step toward reducing its $4.5 trillion balance sheet, as a statement from the Federal Open Market Committee said its previously announced drawdown program would begin "relatively soon" instead of "this year." In a unanimous decision, the Fed as expected held its targeted federal funds rate range between 1% and 1.25%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
