The KUIK Closing Market Report for Friday, January 15:
Markets were down.
Index Direction Change Units Index Time Change
Dow Down (391) points 15,988 1:49 PM
S&P500 Down -2.2% percent 1,880 (41.51)
Nasdaq Composite Down -2.7% percent 4,488 (126.59)
30 Year Treasury Down (8) Basis Points 2.81 Annual Yield
Intel fell 9% to $26.76 a share today as investors reacted to yesterday’s earning report. Unexpected weaknesses in its data center business, exposure to China, and declining gross margins caused management to trim its full-year revenue outlook. Stock and bond markets are closed Monday in honor of the Martin Luther King holiday.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/intel-stock-in-more-losses-analysts-say-2016-01-15?link=MW_home_latest_news
For today’s Closing Market Report click to listen->