MarketWatch - Wednesday, June 25, 2014

By CBS News

Published 06/25 2014 05:36AM

Updated 06/25 2014 05:38AM

If you're keeping on top of the markets this morning, Wednesday, June 25, 2014...

The Nikkei dropped 110 points today in trading in Japan.
On Wall Street, the Dow finished 119 points lower Monday.
And the Nasdaq lost 8.

Google could be unveiling some new gadgets at today's developers conference.
There are reports the tech giant will show off new smartwatches for smartphones that run Google's Android software.

On Tuesday, a new report showed Americans feel better about the economy.
Consumer confidence hit the highest level in six years and new home sales are also up. But the positive news wasn't enough to move the markets.

The 4th of July is just over a week away and Americans are expected to spend a little more on the holiday this year.
Wallethub projects people will spend $330 on average. That's 10 percent more than last year. A major reason why:  Independence Day falls on Friday, so many are expected to use the day off for a three day get-a-way.

And some encouraging news for college grads: A new report says that degree, was worth it.  The Federal Reserve Bank of New York says people with a bachelor's degree earn $1.2 million more over their lifetime than someone with only a high school diploma. And an Associate's degree brings in $325,000 more.

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