| The KUIK Morning Market Report for Tuesday, July 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 32 | points | 17,084 | 6:48 AM | ||
| S&P500 | Up | 0.3% | percent | 1,980 | 6.25 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,445 | 20.06 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.27 | Annual Yield | ||
| The Labor Department reports the consumer price index increased 0.3% in June after a 0.4% gain in May. The gasoline index rose 3.3% in June, and accounted for two-thirds of the increase in overall June prices. Food prices rose 0.1% in June, the smallest monthly increase since January, after a steep 0.5% gain in May. Excluding volatile food and energy prices, core prices ticked up 0.1% after three straight gains of 0.2% or more. Economists expected a 0.3% gain in the overall CPI and a 0.2% rise in the core rate. | |||||||
| Computer-chip designer ARM Holdings reported a rise in second-quarter profit boosted by higher chip shipments and licensing revenue. The company said today that net income for the first three months of the year rose to GBP55.5 million ($94.8 million) from GBP10.5 million in the same period last year. Revenue rose 9%. The Cambridge, U.K.-based company designs the chips found in 95% of all smartphones and is considered a rival to Intel and Triquint. The company said it would raise its interim dividend 20%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-prices-rise-in-june-as-gasoline-prices-jump-2014-07-22 | |||||||
| http://www.marketwatch.com/story/arm-holdings-profit-rises-on-higher-chip-shipments-2014-07-22 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||