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Transcripts For BLOOMBERG Bloomberg Markets 20160722

We will see what the next hour holds. We are seeing a pullback in volume today on the three major averages on this summer write a. It looks like all you money s p the 20 day average. We are seeing an extension of gains as we get towards the close. The nasdaq up 1 2 of 1 . The week and another winning week, the fourth week in a row weve seen gains for the s p 500. Take a look at the s p over that fiveday period. Here are the intraday highs that we saw on wednesday for the s p 500. We have not exceeded the intraday level. Right now we are above those levels. We see how it plays out over the next hour or so. We are watching the chipmakers today. We have a tale of two chipmakers. Advanced micro devices posting its first quarterly revenue gain, going back to 2014. It is on increasing demand for chips, as well as chips to power video games. Sky works is lowering. The company talked about some issues and its largest customer. It is forecast for fiscal fourthquarter
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