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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