| The KUIK Closing Market Report for Thursday, May 8: | |||||||
| Markets finished mixed. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 32 | points | 16,551 | 1:10 PM | ||
| S&P500 | Down | -0.1% | percent | 1,876 | (2.58) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,051 | (16.18) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.42 | Annual Yield | ||
| The Federal Reserve today took a step towards strengthening limits on the size of the nation’s largest financial companies. The Fed released for public comment a proposed rule that would prohibit two finance companies from merging if the ratio of the merged company’s liabilities would exceed 10% of the liabilities of all finance companies. The move is another step in implementing the Dodd-Frank Act. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-takes-step-to-limit-size-of-biggest-banks-2014-05-08 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||