Financial News and Portfolio Management Discussion through January 28th

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

US Stocks reached new record highs over the week with the Dow topping the 20,000 mark on moves by the new administration and strong corporate earnings.  The S&P 500 rose 1.0% and the Dow gained 1.3% for the week.  Internationally, Europe increased 1.0% and Japan jumped 1.7% for the week.  The yield on the 10 year Treasury was flat over the week ending at 2.48%.  Article

US new home sales sank in December due to higher costs, but still rose over 2016.

The US grew at a 1.9% rate in the fourth quarter, a slowdown from the 3.5% third quarter pace.  Article

The Aetna Humana merger was blocked by a judge on antitrust grounds potentially ending the $34 billion deal.

Boeing posted 4th quarter earnings that topped expectations and raised future estimates. 

Microsoft posted solid results for its second quarter. 

Google’s fourth quarter revenue grew at 3 times the pace of profit as it looked for new sources of growth.  Revenue topped expectations while profit missed. 

Johnson and Johnson agreed to purchase a Swiss biotech’s drug discovery operations for $30 billion.



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There is no guarantee that any investment strategy, including those described here, will be successful. Any investment or investment strategy can lose money. Past performance does not guarantee or predict future results. You should not assume that any discussion or information contained herein serves as the receipt of, or as a substitute for, personalized investment advice from Raffa Wealth Management, LLC. This information was gathered from reliable sources, but we cannot guarantee accuracy. Indexes do not reflect the fees associated with actual investments and such fees would reduce the performance illustrated. Source: FMG Suite, LLC.
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