October 14, 2015

Morning Market Report 10/14/2015

The KUIK Morning Market Report for Wednesday, October 14:

Markets are mixed.

Index	Direction	Change	Units		Time	Change
Dow	Down	(8)	points	17,072	6:44 AM
S&P500	Up	0.1%	percent	2,006		2.51
Nasdaq Composite	Up	0.4%	percent	4,813		16.83
30 Year Treasury	Down	(5)	Basis Points	2.87	Annual Yield

Intel reported earnings yesterday after the close. Its third-quarter earnings fell to $3.1 billion, 64 cents a share, down from $3.3 billion, 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.

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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