The KUIK Closing Market Report for Thursday, June 13: |
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Markets finished with a strong up day. |
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Direction |
Change |
Units |
Last |
Time |
Change |
|
Dow |
Up |
181 |
points |
15,176 |
2:53 PM |
|
|
S&P500 |
Up |
1.48% |
percent |
1,636 |
|
23.84 |
points |
Nasdaq Composite |
Up |
1.32% |
percent |
3,401 |
|
44.93 |
points |
30 Year Treasury |
Down |
(5) |
Basis Points |
3.33 |
Annual Yield |
|
|
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A story in the Wall Street Journal helped the markets. Reporter Jon Hilsenrath wrote the Fed is expected to reiterate its commitment to keeping short-term interest rates low until the unemployment rate falls to a target of 6.5%. The Fed has long made that point, but markets had begun to price in a shorter time horizon. |
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Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. |
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http://www.marketwatch.com/story/treasurys-rise-shrugging-off-positive-us-data-2013-06-13?dist=afterbell |
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For today’s Closing Market Report click to listen-> |
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