Market Update Report 11/6/2013 | Beacon Rock Wealth Advisors

The KUIK Market Update for Wednesday, November 6:

Markets are mixed.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	61	points	15,680	8:04 AM
S&P500	Up	0.11%	percent	1,765		1.88
Nasdaq Composite	Down	-0.44%	percent	3,923		(17.26)
30 Year Treasury	Up	2	Basis Points	3.78	Annual Yield

Planned layoffs climbed to 45,730 in October, up 13.5% from September but down 4.2% fromSeptember of 2012, according to outplacement firm Challenger, Gray & Christmas. The pharmaceutical industry saw the heaviest job cutting in October, with 10,585 job cuts announced, due to planned cuts at Merck. Second was the financial sector, which announced 8,717 job cuts during the month, the second-highest since February and due mostly to mortgage department layoffs. Bank of America announced 4,200 cuts.

High end electric car maker Tesla Motors reported yesterdday after the close. It had a third-quarter loss of 32 cents a share. Adjusted to exclude one-time items, the company earned 12 cents a share and revenue of $602.6 million. Tesla said it delivered 5,000 Model S’s for the quarter, matching its expectations, but analysts projected Tesla would deliver 5,850 units. Tesla shares are off $27.68 to $149.16 per share.

Activision Blizzard said this morning that the shoot ’em up video game “Call of Duty: Ghosts” has sold more than $1 billion in retail stores in its first 24 hours after launch. Last years “Call of Duty: Black Ops 2” sold through more than $500 million to end customers in its first 24 hour.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/planned-layoffs-up-135-in-october-challenger-2013-11-06
http://www.marketwatch.com/story/teslas-set-for-action-in-the-after-hours-session-2013-11-05
http://www.marketwatch.com/story/activision-call-of-duty-ghosts-sell-in-1b-2013-11-06?dist=lcountdown


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