The KUIK Closing Market Report for Friday, December 1:
Markets were down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(41)
points
24,232
2:19 PM
S&P500
Down
-0.2%
percent
2,642
(1.00)
Nasdaq Composite
Down
-0.4%
percent
6,848
(10.64)
30 Year Treasury
Down
(7)
basis points
2.76
Annual Yield
Shares of generic drug manufacturers rose todayfollowing a report from CNBC that Amazon.com had conversations with Mylan and Sandoz, which is part of Novartis, about potentially entering the pharmacy market. Drugstores, pharmacy-benefit managers, and distributors saw their stocks fall on concerns that Amazon will bring new competition and disrupt their business models even though it is unclear what Amazon’s pharmacy ambitions are.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
