| 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 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||