The KUIK Closing Market Report for Thursday, January 14:
Markets were up.
Index Direction Change Units Index Time Change
Dow Up 228 points 16,379 2:51 PM
S&P500 Up 1.7% percent 1,922 31.56
Nasdaq Composite Up 2.0% percent 4,615 88.94
30 Year Treasury Up 4 Basis Points 2.89 Annual Yield
Intel’s fourth-quarter earnings fell 1% on continued weakness in PC’s. Intel reported profit of $3.61 billion, or 74 cents a share, compared with $3.66 billion and 74 cents a year earlier. Analysts expected 63 cents a share. Revenue increased 1.3% to $14.91 billion. The company projected $14.8 billion, plus or minus $500 million. Shares are down 4.5% to $31.25 in after-hours trading.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/intel-shares-fall-as-fourth-quarter-earnings-slip-2016-01-14?dist=afterbell
For today’s Closing Market Report click to listen->