| The KUIK Morning Market Report for Friday, October 26: | |||||||
| Markets are flat this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Up | 2 | points | 13,105 | 2:50 PM | ||
| S&P500 | Up | 0.5% | percent | 1,420 | |||
| Nasdaq Composite | Up | 0.7% | percent | 3,011 | |||
| 30 Year Treasury | Up | 2.0 | basis points | 2.92 | |||
| Apple is down slightly after the world’s largest company by market values forecast profit less than analysts predicted. Last quarter’s profit was $8.67 a share short of the $8.75 prediction. Apple’s stock currently trades at $609.37 per share. | |||||||
| The Commerce Department reported the US economy expanded more than forecast in the 3rd quarter, helped by a pickup in consumer spending, government outlays, and a gain in residential construction. Gross domestic product rose at a 2% annual rate after climbing 1.3% in the prior quarter. Economists expected a 1.8% gain. | |||||||
| Finally, President Obama’s numbers have fallen on Intrade, the futures market for candidates. Intrade gives Obama’s chances of reelection at 56%, down from a high of 79.5%. Romney’s chances are shown as 45%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-10-26/u-s-stock-futures-drop-as-apple-earnings-miss-estimates.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||