The KUIK Closing Market Report for Friday, July 7:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
94
points
21,434
1:38 PM
S&P500
Up
0.6%
percent
2,425
15.43
Nasdaq Composite
Up
1.0%
percent
6,153
63.61
30 Year Treasury
Up
3
basis points
2.93
Annual Yield
The Federal Reserve expects a "gradual" increase in interest rates and to begin shrink its balance sheet this year, according to the monetary policy report released today. That’s the same assessment the Federal Open Market Committee gave after its June meeting, and comes ahead of Federal Reserve Chairwan Janet Yellen’s testimony on Capitol Hill next week. The report also looked at education’s impact on economic opportunities, the global productivity slowdown, and liquidity in the corporate bond market.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
