The KUIK Market Update for Wednesday, October 14: |
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Markets are down. |
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Index |
Direction |
Change |
Units |
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Time |
Change |
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Dow |
Down |
(21) |
points |
17,061 |
10:25 AM |
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S&P500 |
Down |
-0.2% |
percent |
4,785 |
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(3.37) |
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Nasdaq Composite |
Up |
0.2% |
percent |
4,804 |
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7.84 |
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30 Year Treasury |
Down |
(2) |
Basis Points |
2.88 |
Annual Yield |
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Intel reported third-quarter earnings fell to $3.1 billion, or 64 cents a share, from $3.3 billion, or 66 cents a share, a year ago. Analysts surveyed by FactSet had forecast 59 cents a share. Revenue fell to $14.5 billion from $14.6 billion a year earlier but came in better than analysts’ average estimate of $14.22 billion. In the fourth quarter, Intel expects revenue of $14.8 billion, plus or minus $500 million, and gross margin of 62%. |
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Markets in Asia fell earlier today on disappointing economic data from China. Japan’s Nikkei closed down 1.9%, Hong Kong’s Hang Seng closed down 0.7%. The Shanghai Composite ended 0.9% lower. Price increases in China moderated in September. China’s consumer-price index rose 1.6% year on year during September down from a 2.0% rise in August. and the producer-price index fell 5.9% in September from a year earlier, marking the 43rd consecutive month of deflation. |
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
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http://www.marketwatch.com/story/intel-reports-lower-third-quarter-earnings-2015-10-13?dist=afterbell |
http://www.marketwatch.com/story/asian-markets-drop-on-fresh-china-growth-concerns-2015-10-14?dist=beforebell |
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For today’s Market Update Report click to listen-> |
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