| The KUIK Morning Market Report for Friday, October 18: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 8 | points | 15,377 | 7:22 AM | ||
| S&P500 | Up | 0.35% | percent | 1,739 | 6.12 | ||
| Nasdaq Composite | Up | 0.85% | percent | 3,896 | 32.93 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.65 | 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 almost 11% to $3.66. 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. | |||||||
| Next year’s midterm elections for Congress are now a tossup between the Republicans and the Democrats, according to the betting at the Iowa Electronic Markets. Nancy Pelosi’s chances of leading the Democrats to a House majority have more than doubled in less than a month to about 50% as a result of the government-shutdown fiasco, according to betting on the exchange. Back in September, oddsmakers gave the Republicans a one-in-four chance of gaining seats, improving their overall control of the lower house. That’s now down to one-in-twenty. | |||||||
| China’s economic recovery has ended and its gross-domestic-product growth will slow to 7.5% year-on-year in the fourth quarter and 6.9% in 2014, according to economists at Nomura. Data released today shows that China’s GDP rose 7.8% in the third quarter, meeting market expectations. But leading indicators suggest that China’s recovery ended in September, | |||||||
| 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/bettors-verdict-gop-will-lose-the-house-2013-10-18 | |||||||
| http://www.marketwatch.com/economy-politics?link=MW_Nav_EP | |||||||
| For today’s Morning Market Report click to listen-> | |||||||