| The KUIK Morning Market Report for Thursday, March 12: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 165 | points | 17,799 | 6:48 AM | ||
| S&P500 | Up | 0.8% | percent | 2,057 | 16.85 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,872 | 22.19 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.65 | Annual Yield | ||
| Intel is off 3.2% to 31.25, 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. “The company believes the changes to demand and inventory patterns are caused by lower than expected Windows XP refresh in small and medium business and increasingly challenging macroeconomic and currency conditions, particularly in Europe,” Intel said in a statement. Intel said it still expects the midpoint of the gross margin range to be 60%, plus or minus a couple percentage points. The stock is a component of the Dow Jones Industrial Average. It has lost 11% in the past three months through yesterday, while the Dow has gained 2.1%. | |||||||
| 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. | |||||||
| 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 Morning Market Report click to listen-> | |||||||