| The KUIK Closing Market Report for Wednesday, March 19: | |||||||
| Markets were down. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Down | (114) | points | 16,222 | 2:30 PM | ||
| S&P500 | Down | -0.61% | percent | 1,861 | (11.48) | ||
| Nasdaq Composite | Down | -0.59% | percent | 4,308 | (25.71) | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.67 | Annual Yield | ||
| Federal Reserve chairman Janet Yellen in her first press conference said that rate hikes could happen about six months after the Fed stops buying bonds. The FOMC decided to trim the bond purchases by another $10 billion this month and shifted its outlook on interest rates. Officials believe the fed funds rate could reach 2.25% by the end of 2016 instead of 1.75% under their old forecast. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-shifts-criteria-for-rate-hike-as-it-tapers-again-2014-03-19 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||