| The KUIK Market Update for Tuesday, October 22: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 68 | points | 15,461 | 7:53 AM | ||
| S&P500 | Up | 0.38% | percent | 1,751 | 6.60 | ||
| Nasdaq Composite | Down | -0.18% | percent | 3,913 | (6.96) | ||
| 30 Year Treasury | Down | (6) | Basis Points | 3.62 | Annual Yield | ||
| The Labor Department reports the U.S. created 148,000 jobs in September. Economists surveyed by MarketWatch expected 185,000. The unemployment rate dropped in September to 7.2% from 7.3%, as more people found work, marking the lowest jobless rate since November 2008. The labor force participation rate held steady at 63.2%. There were some revisions. August was revised up to 193,000 from 169,000, July was cut to 89,000 from 104,000. That’s the smallest increase since June 2012. | |||||||
| British microchip designer ARM Holdings said today it has a record order backlog going into the fourth quarter as it posted a rise in third-quarter profit on forecast-beating revenue powered by global demand for smartphones. Net profit for the three months to Sept. 30 increased to $78.4 million $70 million a year earlier. Profit before tax and exceptional items, increased 36%. Revenue in dollar terms rose 26% and the company forecasts dollar revenues in the fourth quarter in line with market expectations of about $290 million. 2.5 billion chips were shipped. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-creates-148000-jobs-in-september-2013-10-22 | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/10/22/fed-wont-start-taper-until-march-barclays-says-after-weak-jobs-report/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||