Today's Stock Market News Includes the ABBV-SHPG Merger, Alibaba, and More By Garrett Baldwin

Stock market news today, July 18, 2014 : The Dow Jones Industrial Average was hammered on Thursday and the S&P Volatility Index soared when a Malaysian Airlines plane crashed in a Ukraine. Suspicions swirled on whether it was shot down by Russians or pro-Russian separatists. Commodity prices in gold, oil, and agriculture saw strong gains as investors fled to hard assets. In addition, multiple big name brands slumped heavily after failing to meet second-quarter earnings expectations. The post Today's Stock Market News Includes the ABBV-SHPG Merger, Alibaba, and More appeared first on Money Morning - Only the News You Can Profit From .

Stock market news today, July 18, 2014: The Dow Jones Industrial Average was hammered on Thursday and the S&P Volatility Index soared when a Malaysian Airlines plane crashed in a Ukraine. Suspicions swirled on whether it was shot down by Russians or pro-Russian separatists. Commodity prices in gold, oil, and agriculture saw strong gains as investors fled to hard assets.
In addition, multiple big name brands slumped heavily after failing to meet second-quarter earnings expectations.

Here are the top stock market news stories for Friday:

  • Today's Economic Calendar: Today's light schedule features consumer sentiment and leading indicators.
  • Risky Business: U.S. authorities have charged FedEx Corporation (NYSE: FDX) with assisting illegal pharmacies in the delivery of painkillers and other drugs to American customers without doctors' prescriptions. The Federal indictment accuses the shipping giant of working with two online pharmacies for a decade.
  • The New Chair: Following the resignation of its interim Chairman of the Board this week, Hewlett-Packard Co. (NYSE: HPQ) announced that president and CEO Meg Whitman would assume the role. Whitman has been a board member since joining the company in January 2011. Interim chairman and activist shareholder Ralph Whitworth resigned on Thursday after announcing he needed to focus on improving his health.
  • China on Track: Despite a weak start to 2014 for its massive economy, Chinese Premier Li Keqiang reassured observers that economic growth would fall within a satisfactory range of 7.5% this year. The Premier said that any number slightly lower than this projection would be acceptable should employment and wages continue to grow in the nation.
  • Banking Battle: Shares of Morgan Stanley (NYSE: MS) dipped yesterday during trading and post-trading hours, despite news that its second-quarter income more than doubled. The investment bank said that rising revenues protected its bottom line in its retail brokerage business and in addition to increased assets under management.
  • Earnings Reports: Stay tuned for earnings reports from General Electric Co. (NYSE: GE), VF Corp. (NYSE: VFC), Kansas City Southern (NYSE: KSU), Honeywell International Inc. (NYSE: HON), Bank of New York Mellon Corp. (NYSE: BK), and Ericsson (Nasdaq: ERIC).

Full U.S. Economic Calendar July 18, 2014 (NYSE: all times EDT)

  • Consumer Sentiment at 9:55 a.m.
  • Leading Indicators at 10 a.m.

It's really sad, but this "Great American Dream" is turning into a scam...

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The post Today's Stock Market News Includes the ABBV-SHPG Merger, Alibaba, and More appeared first on Money Morning - Only the News You Can Profit From.

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