Market Update Report 6/25/2014 | Beacon Rock Wealth Advisors

The KUIK Market Update for Wednesday, June 25:
Markets are up.
Index	Direction	Change	Units	Time	Change
Dow	Up	55	points	16,873	8:16 AM
S&P500	Up	0.3%	percent	1,956	5.56
Nasdaq Composite	Up	0.3%	percent	4,363	12.78
30 Year Treasury	Down	(3)	Basis Points	3.37	Annual Yield
The Commerce Department reports orders for durable goods fell a seasonally adjusted 1.0% in May after a revised 0.8% gain in April. The increase in April was due to a record order by the Navy for nuclear submarines. The government initially reported a 0.6% gain. Orders for military hardware had surged since January but economists expect bookings to taper off given a slowdown in defense spending.
the Internet streamer of broadcast television company Aereo, lost 6-3 in the Supreme Court. The court ruled that Aereo violates the copyrights of broadcast networks’ programming through its process of capturing video signals, converting them to digital streams, and storing them in the cloud. It probably means that Aereo will shut down.
Russia could still see wider economic sanctions imposed if it doesn’t step up its efforts to help end the unrest in Ukraine, Chancellor Angela Merkel said today. The German leader told the lower house of Germany’s parliament that Moscow’s progress toward peace was “too slow”, The Wall Street Journal reported . Her comments came as Russia’s upper house of parliament voted to rescind its earlier decision allowing President Vladimir Putin to deploy armed troops in Ukraine.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/military-retreat-reduces-durable-goods-orders-2014-06-25
http://www.marketwatch.com/story/supreme-court-ruling-called-a-death-knell-for-aereo-2014-06-25?link=MW_story_latest_news
http://www.marketwatch.com/story/russia-faces-more-sanctions-merkel-warns-2014-06-25?dist=lcountdown
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