The KUIK Closing Market Report for Wednesday, December 13:
Markets finished mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
81
points
24,585
2:10 PM
S&P500
Down
-0.1%
percent
2,663
(1.26)
Nasdaq Composite
Up
0.2%
percent
6,876
13.48
30 Year Treasury
Down
(5)
basis points
2.78
Annual Yield
The Federal Reserve as expected raised its benchmark federal funds rate by a quarter percentage point to between 1.25% and 1.5% — the third and last increase in 2017. The Fed did change its forecast for inflation and still expects three interest rate hikes in 2018. Today was Janet Yellen’s last press conference as Chairman of the Fed. Jerome Powell takes over in early February.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
