| The KUIK Market Update for Friday, October 18: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (13) | points | 15,358 | 8:53 AM | ||
| S&P500 | Up | 0.38% | percent | 1,740 | 6.50 | ||
| Nasdaq Composite | Up | 0.80% | percent | 3,894 | 30.98 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.64 | Annual Yield | ||
| Intel rival Advanced Micro Devices is hurting. It released its third quarter earnings after the market close yesterday. The company said it expects fourth-quarter sales in a range below analysts’ forecasts of $1.52 billion. AMD is off 12.5% to $3.57. It is rated as Underperform with a $3 price target at Credit Suisse, and Bank of America Merrill Lynch downgraded AMD to Neutral from Buy. | |||||||
| Insurers say healthcare.gov is generating flawed data that is straining their ability to handle even the small number of enrollees who have gotten through, a sign that technical problems extend further than the website traffic and software issues already identified. Errors include duplicate enrollments, spouses reported as children, missing data fields and suspect eligibility determinations, say executives at more than a dozen health plans. Blue Cross & Blue Shield of Nebraska said it had to hire temporary workers to contact new customers directly to resolve inaccuracies in submissions. Medical Mutual of Ohio said one customer had successfully signed up for three of its plans. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/investing/stock/amd | |||||||
| http://www.marketwatch.com/story/obamacare-woes-widen-as-insurers-get-wrong-data-2013-10-18?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||