| The KUIK Morning Market Report for Wednesday, February 26: | |||||||
| Markets are up slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 9 | points | 16,190 | 7:02 AM | ||
| S&P500 | Up | 0.06% | percent | 1,846 | 1.16 | ||
| Nasdaq Composite | Up | 0.23% | percent | 4,297 | 9.73 | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.66 | Annual Yield | ||
| Bloomberg reports that JPMorgan Chase and Goldman Sachs were among 18 financial firms that agreed to stop participating in surveys of analyst sentiment pending an investigation by New York State Attorney General. The deals follow an accord last month with BlackRock, the world’s largest asset manager, to end a program in which it systematically surveyed analysts on companies they cover. These are efforts to provide equal access to market-moving data to all investors. | |||||||
| Bitcoin prices rose today, recovering sharply from lows hit yesterday, as authorities in the U.S. and Japan begin looking into the sudden closure of Tokyo-based exchange Mt. Gox. Meanwhile, Mt. Gox Chief Executive Mark Karpeles said in a brief notice posted on the exchange’s website that he is “working very hard with the support of different parties to find a solution to our recent issues,” but gave no specifics. Unknownhow much money was tied up on Mt. Gox, once the main exchange for bitcoin. Its collapse has triggered calls for regulation of the virtual currency and the exchanges tied to it, even as supporters have said bitcoin, which advocates have touted as a long-term alternative to government-issued currencies, remains viable. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2014-02-26/jpmorgan-goldman-sachs-reach-interim-surveys-deals.html | |||||||
| http://www.marketwatch.com/story/mt-gox-under-investigation-bitcoin-price-rebounds-2014-02-25 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||