| The KUIK Market Update for Wednesday, October 23: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (76) | points | 15,392 | 9:21 AM | ||
| S&P500 | Down | -0.60% | percent | 1,744 | (10.51) | ||
| Nasdaq Composite | Down | -0.79% | percent | 3,899 | (30.89) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.58 | 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. | |||||||
| There were signs of a slowdown in the home-price data released by the Federal Housing Finance Agency yesterday. Home prices in August gained 0.3% on a seasonally adjusted basis. July’s growth was downwardly revised to 0.8% from 1%. Prices are up 8.5% Compared to August 2012. Prices have returned to the level of April 2005, but 9.4% below their April 2007 peak. | |||||||
| Don’t blame Canada. The Bank of Canada has grown more pessimistic on the outlook for the U.S. economy. It cut its U.S. growth view for 2013 to 1.5% from 1.7% and its 2014 view to 2.5% from 3.1%, while it upped its 2015 forecast to 3.3% from 3.2%. | |||||||
| 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://blogs.marketwatch.com/capitolreport/2013/10/23/signs-of-home-price-slowdown-in-latest-fhfa-data/ | |||||||
| http://www.marketwatch.com/story/bank-of-canada-grows-more-pessimistic-on-us-2013-10-23 | |||||||
| For today’s Market Update Report click to listen-> | |||||||