The KUIK Closing Market Report for Wednesday, August 23:
Markets were down
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(88)
points
21,812
3:39 PM
S&P500
Down
-0.4%
percent
2,444
(8.47)
Nasdaq Composite
Down
-0.3%
percent
6,278
(19.07)
30 Year Treasury
Down
(4)
basis points
2.75
Annual Yield
The Securities and Exchange Commission annouced it has dismissed all charges against Jwo of the traders accused in the loss of more than $6 billion by J.P. Morgan in the London "Whale" case. The dismissal follows a request on July 24 by the Department of Justice to a judge to dismiss the criminal charges against the two former J.P. Morgan derivatives traders. In the criminal case, prosecutors said they no longer believed testimony from Bruno Iksil, the trader nicknamed "The Whale", could be relied upon to prosecute "based on a review of recent statements and writings made by Iksil" that were critical of J.P. Morgan CEO Jamie Dimon.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
