Global Tension Weighs Heavily on Investors; UPS Misses Wall Street’s Expectations

By: , dated July 29th, 2014
Stocks close the day slightly down as global tension continues to take a toll on the market. Investors fear that the European Union’s sanctions against Russia for their involvement in the downed Malaysia Airline Profit will have a large global economic impact. Profit reports continue to be announced this week. More than half of the companies in the S&P 500 have already released their earnings, with a staggering 70% beating Wall Streets expectations. UPS (UPS) reported earnings today that fell short of Wall Street’s expectations. The shipping giant’s second biggest unit, the U.S. package delivery, profit is down 81.5% from the same time last year.

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