| The KUIK Closing Market Report for Thursday, October 23: | |||||||
| Markets were up. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 217 | points | 16,678 | 2:37 PM | ||
| S&P500 | Up | 1.2% | percent | 1,951 | 23.71 | ||
| Nasdaq Composite | Up | 1.6% | percent | 4,453 | 69.95 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.05 | Annual Yield | ||
| The Federal Reserve announced it will put banks through a stress test where the unemployment rate jumps to 10%, the stock market dives by 60%, and oil prices reach $110 a barrel. The annual stress tests put 31 of the nation’s largest banks, with $50 billion or more in asset through a “severely adverse” scenario. The Dodd-Frank Act requires these tests before the Fed signs off on stock buybacks and dividends. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-stress-tests-to-put-banks-through-60-stock-slide-110-oil-2014-10-23 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||