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Financial News for the Week Ending August 9th

All the news you need to stay informed about what’s currently driving the market – courtesy of Raffa Wealth Management, LLC.

Stocks gained to end the week as tensions eased on the Ukrainian border. The S&P 500 edged up 0.3% and the Dow rose 0.4%.  Internationally, markets suffered major downturns as news of Russia’s pullback on the Ukraine border arrived after market close.  Japan sank 4.8% and Europe dropped 2.1% for the week.  The yield on 10 year Treasury bonds fell over the week finishing at 2.44% as prices rose.

Over the week AIG, Disney, Chrysler, Fox and Time Warner all reported earnings that topped expectations, while News Corp and McDonalds disappointed investors.



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