| The KUIK Market Update for Monday, July 21: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (117) | points | 16,983 | 7:51 AM | ||
| S&P500 | Down | -0.6% | percent | 1,967 | (11.62) | ||
| Nasdaq Composite | Down | -0.6% | percent | 4,408 | (24.47) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.26 | Annual Yield | ||
| The Stoxx Europe 600 index fell 0.3% to 338.81. Investors are cautious as leaders in Europe call for more sanctions against Russia, saying Moscow hasn’t done enough to resolve its conflict with Kiev. Russian stocks slumped for a sixth day on the tensions, with the MICEX Index droppung 1.3%. | |||||||
| Economic activity fell in June, according to the Chicago Fed national activity index. The index edged down to 0.12 in June from 0.16 in May. This is the fourth month above zero. A reading of zero is equal to trend growth and the index is a weighted average of 85 indicators of national economic activity. | |||||||
| Reynolds American led a drop in tobacco stocks today, after a Florida jury awarded $23.6 billion in damages to the widow of a smoker who died of lung cancer in 1996. The verdict reached on Friday is expected to be appealed and the award is likely to be scaled down significantly, according to the Wall Street Journal. But the case shows the industry that the public continues to find it responsible for smoking-related illnesses and deaths. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-fall-as-ukraine-russia-tensions-weigh-2014-07-21 | |||||||
| http://www.marketwatch.com/story/economic-growth-slows-a-bit-in-june-national-activity-index-shows-2014-07-21 | |||||||
| http://www.marketwatch.com/story/reynolds-leads-tobacco-stocks-lower-after-236-bln-verdict-2014-07-21?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||