Market Update Report 10/14/2015

The KUIK Market Update for Wednesday, October 14:
Markets are down.
Index Direction Change Units Time Change
Dow Down                    (21)  points           17,061 10:25 AM
S&P500 Down -0.2% percent             4,785      (3.37)
Nasdaq Composite Up 0.2% percent             4,804       7.84
30 Year Treasury Down                      (2) Basis Points               2.88 Annual Yield
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%.
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.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
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