Global Tension Weighs Heavily on Investors; UPS Misses Wall Street's Expectations
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.
Word on the Street
Published on Jul 29, 2014By InvestorGuide Staff