| The KUIK Closing Market Report for Wednesay, March 12: | |||||||
| Markets ended mixed. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Down | 11 | points | 16,340 | 7:12 AM | ||
| S&P500 | Up | 0.01% | percent | 1,868 | 1.37 | ||
| Nasdaq Composite | Up | 0.40% | percent | 4,323 | 3.77 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.66 | Annual Yield | ||
| The Federal Reserve’s easy monetary policy stance is still needed given the high unemployment and the low inflation rate, said Stanley Fischer, President Barack Obama’s nominee to be Fed vice chairman. In testimony prepared for delivery to the Senate Banking Committee tomorrow but released today, Fischer said the Fed has made significant progress toward boosting employment and returning to price stability but added that “normalcy has not been restored.” | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-nominee-fischer-easy-policy-still-needed-2014-03-12 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||