| The KUIK Morning Market Report for Friday, October 19: | |||||||
| Markets are down this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (100) | points | 13,449 | 7:58 AM | ||
| S&P500 | Down | -0.7% | percent | 1,447 | (10.06) | points | |
| Nasdaq Composite | Down | -1.0% | percent | 3,043 | (29.79) | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 2.99 | Annual Yield | ||
| Microsoft posted disappointing earnings is are hurting the stock market. Microsoft is down 1.8 percent to $28.96 after reporting a 22 percent drop in fiscal first-quarter net income to $4.47 billion, or 53 cents a share, with declining sales of Windows. That missed the 56-cent average analyst estimate. The company also posted sales of $16 billion, missing the average estimate of $16.4 billion. | |||||||
| General Electric posted in-line third-quarter earnings of 36 cents a share, while revenue came in at $36.35 billion, falling short of analysts’ expectations of $36.94 billion. The company said that the global economy remains uncertain. | |||||||
| the National Association of Realtors says existing-home sales fell 1.7% to a seasonally adjusted annual rate of 4.75 million from an upwardly revised rate of 4.83 million in August. Inventories declined 3.3% to 2.32 million home in September,which is 5.9 months of supply at the current sales rate, the first reading below six months since March 2006. | |||||||
| Happy Crash Anniversary. This is the twenty-fifth anniversary of the October 19, 1987 crash. The 23 percent plunge was the worst one-day drop in history. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-10-19/u-s-stock-futures-are-little-changed-microsoft-falls.html | |||||||
| http://www.thestreet.com/story/11742354/1/stock-market-story-oct-19.html?puc=TSMKTWATCH&cm_ven=TSMKTWATCH | |||||||
| http://www.marketwatch.com/story/sales-of-existing-homes-drop-in-september-2012-10-19?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/10-lessons-from-the-1987-stock-market-crash-2012-10-19?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||