Market Update Report 7/18/2014

July 18, 2014
The KUIK Market Update for Friday, July 18:
Markets are up after yesterdays down day.
Index Direction Change Units Time Change
Dow Up                     74 points           17,051 7:55 AM
S&P500 Up 0.6% percent             1,969            11.19
Nasdaq Composite Up 0.9% percent             4,403            39.92
30 Year Treasury Down                      (0) Basis Points               3.29 Annual Yield
Russian stocks continue their week-long slump a day after a Malaysia Airlines passenger jet was reportedly shot down by a Russian made surface-to-air missile in eastern Ukraine. Russia’s blue-chip MICEX index fell 1.8%, adding to a 2.3% loss from yesterday. The index is off 5.7% for the week.
Consumer sentiment fell to a preliminary July reading of 81.3, hitting a four-month low, from a final June level of 82.5, according to a the University of Michigan and Thomson Reuters.
The Justice Department today charged FedEx with conspiracy to distribute controlled substances for its alleged role in transporting painkillers and other prescription drugs that had been sold illegally. If found guilty, FedEx  faces a potential fine of at least $1.6 billion, along with restitution and forfeiture of profits. In a 15-count indictment filed in San Francisco, federal prosecutors say that beginning in 2004 the company repeatedly ignored warnings from the government it was breaking the law by shipping drugs ordered from online pharmacies that dispensed them to anyone who filled out an online questionnaire.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/russian-stocks-slide-for-fifth-day-after-mh17-crash-2014-07-18?dist=markets
http://www.marketwatch.com/story/consumer-sentiment-falls-in-july-report-2014-07-18?link=MW_story_latest_news
http://www.marketwatch.com/story/fedex-faces-charges-in-drug-shipping-probe-2014-07-18?dist=lcountdown
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