| The KUIK Morning Market Report for Wednesday, October 23: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (37) | points | 15,431 | 7:18 AM | ||
| S&P500 | Down | -0.49% | percent | 1,746 | (8.52) | ||
| Nasdaq Composite | Down | -0.74% | percent | 3,901 | (29.05) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.59 | Annual Yield | ||
| Taxes will start late in 2014. The Internal Revenue Service said it needs more time to update computer systems following the 16-day government shutdown. Instead of accepting returns on Jan. 21 as previously planned, the agency will now start accepting returns Jan. 28 or Feb. 4. The IRS will announce the official start date in December. | |||||||
| The Stoxx Europe 600 index dropped 0.5% to 319.38, after closing at its high level since June 2008 yesterday. The inidex closed in positive territory for a ninth straight day, marking the longest winning streak since June 2010. Banks pulled down the index after the European Central Bank said it will begin a thorough review of the balance sheets of 130 financial institutions in Europe in November, to find potential risks before moving to a banking union for the region. The ECB will require these banks to set aside 8% of their risk-adjusted capital as a buffer against risk. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/irs-postpones-2014-tax-filing-season-2013-10-22 | |||||||
| http://www.marketwatch.com/story/banks-fall-in-europe-after-ecb-stress-test-news-2013-10-23 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||