| The KUIK Morning Market Report for Tuesday, July 7: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (31) | points | 17,653 | 6:54 AM | ||
| S&P500 | Down | -0.2% | percent | 2,065 | (4.06) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,970 | (22.31) | ||
| 30 Year Treasury | Down | (6) | Basis Points | 3.01 | Annual Yield | ||
| Intel rival Advanced Micro Devices said it expects second-quarter revenue will be lower than its previous guidance, citing weak consumer PC demand. The company expects a sequential revenue decline of about 8%, compared with prior guidance of a 3% decline, plus or minus 3%. In April, AMD said its first-quarter loss widened as its revenue fell to $1.03 billion, and the company said it would exit its defense-server systems business. AMD also said that gross margin will be lower than expected, in part due to a higher mix of Enterprise, Embedded and Semi-Custom segment sales. AMD shares are down 18% to $2.03. | |||||||
| With demand butting against a relatively low supply of homes available for sale, house prices increased 1.7% in May, while year-over-year growth rose to 6.3%, the fastest annual pace since July, according to CoreLogic. Gains were distributed across the country and 10 states, including Texas and New York, hit records for home prices. In Oregon, home prices are 3.7% below their peak. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/amd-warns-revenue-to-fall-short-on-weak-pc-demand-2015-07-06 | |||||||
| http://www.marketwatch.com/story/home-prices-race-up-annual-growth-at-10-month-high-2015-07-07 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||