| The KUIK Closing Market Report for Friday, August 22: | |||||||
| Markets ended mixed. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Down | (38) | points | 17,001 | 1:24 PM | ||
| S&P500 | Down | -0.2% | percent | 1,988 | (3.97) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,539 | 6.45 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.16 | Annual Yield | ||
| Treasury prices fell today on remarks by Federal Reserve Chairman Janet Yellen. At the Jackson Hole Fed symposium she said that the economy is moving toward its objectives. Once it gets there, the central bank will exit its easy money policies. However, the timing of rate hikes is flexible as the central bank focuses on worker wages, quality of jobs, and slack in the labor market. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/treasurys-slip-ahead-of-yellen-speech-2014-08-22 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||