Financial News for the Week Ending August 9th

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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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Raffa Wealth Management is an independent investment advisor providing nonprofit organizations, high net-worth investors, and qualified retirement plans with a full range of investment consulting services.  We were established to fill the need for transparency, clarity, and vision in the professional management of investment assets.   Visit us at www.raffawealth.com

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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