| The KUIK Closing Market Report for Thursday, May 22: | |||||||
| Markets ended up. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 10 | points | 16,543 | 1:56 PM | ||
| S&P500 | Up | 0.2% | percent | 1,892 | 4.46 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,154 | 22.81 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.43 | Annual Yield | ||
| HP reported a fiscal second-quarter profit of $1.27 billion, or 66 cents a share, compared with a profit of $1.08 billion, or 55 cents a share, for the year-earlier period. H-P also announced that it is eliminating an additional 11,000 to 16,000 jobs. The company had previously announced that it was cutting 34,000 positions as part of a restructuring plan. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/h-p-profit-rises-company-to-cut-11000-to-16000-jobs-2014-05-22?link=MW_latest_news/?link=instory | |||||||
| For today’s Closing Market Report click to listen-> | |||||||
May 22, 2014