Market Update Report 10/6/2014

The KUIK Market Update for Monday, October 6:
Markets are mixed.
Index Direction Change Units Time Change
Dow Up                     18 points           17,027 7:53 AM
S&P500 Up 0.1% percent             1,969             1.05
Nasdaq Composite Down -0.2% percent             4,465           (10.63)
30 Year Treasury Up                       0 Basis Points               3.14 Annual Yield
Big news in Tech Land. Hewlett Packard is splitting up. HP will put its lower margin PC and printer business into H-P Inc. while corporate systems, software, and services will form another entity called Hewlett-Packard Enterprise. Chief Executive Officer Meg Whitman will head up the enterprise group as CEO, and will be chairman of H-P Inc. Both companies will be big. The printing and personal-systems group reported $55.9 billion in fiscal 2013 revenue, while corporate systems, services, software and financial services had $59 billion.
The Federal Reserve’s new labor-market conditions index rose to 2.5 in September, up from 2 in August. This is the first release of the indicator, which combines 19 labor market variables into one number. Since the index turned positive in 2009, it has averaged 4.77.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/h-p-heeds-wall-streets-call-in-splitting-up-2014-10-06
http://www.marketwatch.com/story/feds-new-labor-market-conditions-index-edges-higher-in-september-2014-10-06
For today’s Market Update Report click to listen->