All the news you need to stay informed about what’s currently driving the market – courtesy of Raffa Wealth Management, LLC.
Stocks sank to end the week as investors moved to safe haven investments amid concerns of the UK exiting the Eurozone. The S&P 500 was down 0.1% for the week, while the Dow edged up 0.3%. Internationally, Europe sank 2.5% and Japan edged down 0.3% for the week. Yields continued to tick higher with the 10 year Treasury yield ending the week at 1.64%, its lowest level in three years. Yields in other countries hit fresh all time lows as well. Article
Janet Yellen made comments that effectively moved a rate increase off the table for the June meeting and made it unlikely for their July meeting.
Labor productivity fell at a 0.6% annual rate in the first quarter.
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