| The KUIK Market Update for Monday, October 6: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 18 | points | 17,027 | 7:53 AM | ||
| S&P500 | Up | 0.1% | percent | 1,969 | 1.05 | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,465 | (10.63) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.14 | Annual Yield | ||
| Big news in Tech Land. Hewlett Packard is splitting up. HP will put its lower margin PC and printer business into H-P Inc. while corporate systems, software, and services will form another entity called Hewlett-Packard Enterprise. Chief Executive Officer Meg Whitman will head up the enterprise group as CEO, and will be chairman of H-P Inc. Both companies will be big. The printing and personal-systems group reported $55.9 billion in fiscal 2013 revenue, while corporate systems, services, software and financial services had $59 billion. | |||||||
| The Federal Reserve’s new labor-market conditions index rose to 2.5 in September, up from 2 in August. This is the first release of the indicator, which combines 19 labor market variables into one number. Since the index turned positive in 2009, it has averaged 4.77. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/h-p-heeds-wall-streets-call-in-splitting-up-2014-10-06 | |||||||
| http://www.marketwatch.com/story/feds-new-labor-market-conditions-index-edges-higher-in-september-2014-10-06 | |||||||
| For today’s Market Update Report click to listen-> | |||||||