All the news you need to stay informed about what’s currently driving the market – courtesy of Raffa Wealth Management, LLC.
US Stocks had their worst week since the election as investors moved away from risky assets to end the year. The S&P 500 declined 1.0% and the Dow fell 0.8% for the week. Internationally, Japan fell 1.4% and Europe rose 0.4% for the week. The yield on the 10 year Treasury bond fell 0.15% over the week to end the year at 2.45%. However, it rose 0.18% from the end of 2015. Article
Home prices rose 5.6% over the trailing twelve months through October according to the Case Shiller Home price index.
Unemployment claims fell 10,000 to 265,000 last week, a healthy measure.
Toshiba announced that it may need to report billions in losses due to cost overruns and missed deadlines for nuclear reactor projects.
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