| The KUIK Market Update for Friday, November 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 9 | points | 16,019 | 9:18 AM | ||
| S&P500 | Up | 0.13% | percent | 1,798 | 2.39 | ||
| Nasdaq Composite | Up | 0.29% | percent | 3,981 | 11.54 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.85 | Annual Yield | ||
| Atlanta Fed President Dennis Lockhart said the central bank will remain accommodative “for years.” Lockhart, speaking today on CNBC. He said he favors changing the mix of policy tools, stressing that asset purchases and the future of short-term interest rates are not tied together | |||||||
| Intel Chief Executive Brian Krzanich yesterday said the company plans to quadruple its tablet chip production in 2014. Krzanich also said the company plans to use PC innovations “to acclerate differentiation in tablets.” He disclosed the plan at the company’s analyst day which was Webcast from Intel’s headquarters in Santa Clara, Calif. The announcement highlights Intel’s bid to expand its presence in the mobile market, where it faces stiff competition from processors based on the technology of ARM Holdings. Intel has been struggling with a weakening personal-computer market. Intel stock is off $0.83 to $24.40. | |||||||
| Treasury prices mostly gained Friday, paring back steep losses this week as investors prepared for a pivot away from the Federal Reserve’s bond-buying stimulus. After the minutes of the Fed’s last policy meeting were released on Tuesday, longer-dated yields spiked higher while shorter-term Treasurys fell. The market reversed direction today, but bond prices are still on track for weekly losses. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/lockhart-fed-will-be-accommodative-for-years-2013-11-22 | |||||||
| http://www.marketwatch.com/story/intel-to-quadruple-tablet-chips-volume-in-2014-2013-11-21 | |||||||
| http://www.marketwatch.com/story/treasurys-gain-but-remain-on-track-for-weekly-loss-2013-11-22?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||