Closing Market Report 6/1/2015

The KUIK Closing Market Report for Monday, June 1:
Markets were up.
Index Direction Change Units Index Time Change
Dow Up                     30 points           18,040 3:49 PM
S&P500 Up 0.2% percent             2,112        4.34
Nasdaq Composite Up 0.3% percent             5,083      12.90
30 Year Treasury Up                     10 Basis Points               2.95 Annual Yield
Intel today confirmed that it has agreed to buy Altera for $54 in cash, or about $16.7 billion. Intel said the deal will enable it to expand into products that meet customer needs in the data center and the Internet of Thing. It it expects the deal too boost non-GAAP EPS and free cash flow in the first year after it closes. The company will fund the deal with cash and debt and said it expects it to close within six to nine months. Altera shares were up 4.8% on the news, while Intel was up 0.6%.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/intel-confirms-to-buy-altera-for-54-in-cash-or-167-bln-2015-06-01-8914028
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