The KUIK Closing Market Report for Tuesday, December 23: |
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Markets were mixed. |
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|
Direction |
Change |
Units |
Last |
Time |
Change |
|
Dow |
Up |
65 |
points |
18,024 |
1:31 PM |
|
|
S&P500 |
Up |
0.2% |
percent |
2,082 |
|
3.63 |
|
Nasdaq Composite |
Down |
-0.3% |
percent |
4,765 |
|
(16.00) |
|
30 Year Treasury |
Up |
10 |
Basis Points |
2.85 |
Annual Yield |
|
|
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Health-care took a beathing in afternoon trading today, on concerns over drug pricing. The SPDR Health Care Select Sector ETF was off 2.3%. Johnson & Johnson, Pfizer, and Merckwere all down. J.P. Morgan analyst Cory Kasimov said he had become increasingly concerned about the sustainability of branded drug pricing in the U.S. market. |
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Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. |
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http://www.marketwatch.com/story/health-care-sector-taking-a-broad-beating-as-pricing-fears-grow-2014-12-23 |
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For today’s Closing Market Report click to listen-> |
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