The KUIK Closing Market Report for Wednesday, September 20:
Markets finished mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
42
points
22,413
1:29 PM
S&P500
Up
0.1%
percent
2,508
1.59
Nasdaq Composite
Down
-0.1%
percent
6,456
(5.28)
30 Year Treasury
Up
1
basis points
2.82
Annual Yield
The Federal Reserve kept interest rates unchanged, as widely expected, but said it would start to shrink its $3.7 trillion balance sheet by $10 billion a month. The Fed also signaled a December rate increase remains on the table as it unwinds its crisis-era asset purchases that had helped to buoy markets over the past decade. During her news conference, YFed Chairman Janet Yellen said the unwinding would be conducted “gradually and predictably.”
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
