| The KUIK Market Update for Wednesday, October 16: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 182 | points | 15,350 | 8:02 AM | ||
| S&P500 | Up | 1.30% | percent | 1,720 | 22.06 | ||
| Nasdaq Composite | Up | 1.14% | percent | 3,837 | 43.09 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.79 | Annual Yield | ||
| Senate leaders restarted talks last night to reopen the government and lift the U.S. debt ceiling after House Republicans’ plans to vote on their proposal fell apart. | |||||||
| Intel surprised investors yesterday with better-than-expected earnings for the third quarter but it forecast low growth for the fourth quarter,For the quarter ended Sept. 28, Intel reported net income of $2.95 billion, and 58 cents per share, compared with net income of $2.97 billion, and 58 cents per share, for the same period last year. Revenue was largely flat at $13.5 billion. Analysts expected revenue of 13.5 billion and 53 cents a share. INTC is up 9 cents to $23.49 a share. | |||||||
| The National Association of Home Builders/Wells Fargo housing-market index fell to 55 in October from 57 in September and is the lowest level in four months with mortgage-rate volatility and Washington’s impasse over the debt ceiling hurting builders’ views on sales, . A prior September estimate pegged the level at 58, which matched the highest reading since 2005. Results above 50 signal that builders are optimistic about sales trends. Economists expected an October reading of 58. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/house-republicans-work-on-debt-budget-plan-2013-10-15 | |||||||
| http://www.marketwatch.com/story/intel-beats-earnings-target-on-flat-sales-2013-10-15?link=mw_storieslike | |||||||
| http://www.marketwatch.com/story/builder-confidence-lowest-in-four-months-2013-10-16?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||