| The KUIK Market Update for Thursday, March 12: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 168 | points | 17,803 | 8:09 AM | ||
| S&P500 | Up | 0.8% | percent | 2,057 | 16.99 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,871 | 20.61 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.66 | Annual Yield | ||
| Intel is off 4% to 31.02. Before the open, the company warned that first-quarter sales would be below its previous outlook, given weaker-than-expected demand for business desktop PCs and lower inventory levels in the PC supply chain. The company now expects revenue of $12.8 billion, plus or minus $300 million, compared with its previous forecast of $13.7 billion, plus or minus $500 million. It said “The company believes the changes to demand and inventory patterns are caused by lower than expected Windows XP refresh in businesses and increasingly challenging macroeconomic and currency conditions, particularly in Europe.” It still expects 60% gross margins, plus or minus a couple percentage points. | |||||||
| The Labor Department reports initial claims for unemployment benefits fell by 36,000 to 289,000 in week ending March 7. That reversed a sharp uptick in February due to bad weather. New claims had jumped to the highest level since last May. Continuing claims fell by 5,000 to a seasonally adjusted 2.42 million in the week ended February 28. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/intels-stock-drops-after-sales-warning-2015-03-12 | |||||||
| http://www.marketwatch.com/story/jobless-claims-slide-after-recent-spike-2015-03-12 | |||||||
| For today’s Market Update Report click to listen-> | |||||||