Morning Market Report 7/10/2012

This is Bill Roller of BR Capital with the KUIK Morning Market Report for Tuesday, July 10.
Markets are down this morning.
Index Direction Change Units Last 7:59 AM
Dow Down                    (18) points             12,719
S&P500 Down -0.11% percent               1,351
Nasdaq Composite Down -0.28% percent               2,923
30 Year Treasury Up                      0.5 basis points                 2.63
Applied Materials shares fell this morning after the company cut   its sales outlook citing a slump in demand for chip-making equipment. Applied lost 2.5% in early trading after the semiconductor manufacturing equipment company said it expects revenue for the year ending in October to fall below   its outlook of $9.1 billion to $9.5 billion. Applied also expects adjusted earnings to fall short of its previous   range of 85 cents to 95 cents a share. The company said lowered demand could   cause earnings-per-share to decline 15 to 20 cents.  Applied is based in Santa Clara California with a division in Hillsboro.
Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/applied-materials-slashes-outlook-2012-07-10
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