Morning Market Report 9/22/2015 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Tuesday, September 22:

Markets are down.

Index	Direction	Change	Units		Time	Change
Dow	Down	(178)	points	16,333	7:10 AM
S&P500	Down	-1.2%	percent	1,944		(22.87)
Nasdaq Composite	Down	-1.3%	percent	4,765		(64.02)
30 Year Treasury	Down	(8)	Basis Points	2.96	Annual Yield

U.S. house prices rose a seasonally adjusted 0.6% in July, according to the Federal Housing Finance Agency. The year-over-year gain was 5.8%. Over 12 months, every region was positive, led by the 9.4% rise in the Mountain region, the weakest was the 2.1% advance in New England.

Hillary Clinton is proposing new rules that would pressure prescription-drug companies to spend a set portion of their revenue on research and development Her plan, to be laid out in Iowa today, would also attempt to dissuade drug companies from spending large sums on consumer advertising by eliminating that as a tax-deductible business expense.

A U.S. district judge in Albany, Ga., sentenced Stewart Parnell to 28 years in prison for covering up a salmonella outbreak. The 61-year-old former owner of Peanut Corp. of America, was found guilty last year on dozens of felony counts, including conspiracy to conceal that many of the company’s products were contaminated. Between 2008 and 2009, nine people died and more than 700 others fell ill after eating peanut butter or other products made at the company’s plant in rural Georgia.



Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/us-house-prices-rise-06-in-july-fhfa-says-2015-09-22
http://www.marketwatch.com/story/hillary-clinton-to-propose-new-rules-for-drug-makers-2015-09-22
http://www.marketwatch.com/story/former-peanut-exec-sentenced-to-28-years-for-covering-up-deadly-salmonella-outbreak-2015-09-21


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