All the news you need to stay informed about what’s currently driving the market – courtesy of Raffa Wealth Management, LLC.
US Stocks were relatively flat over the week on mixed earnings news. The S&P 500 was down 0.2% and the Dow rose 0.1%. Internationally, Europe was up 1.8%, while Japan was down 1.7%. The 10 year Treasury note finished the week yielding 2.829%, down from a week earlier. Article
Retail sales beat expectations rising 0.2% in December and up 0.7% excluding cars showing the economy was on firmer footing to end 2013. Article
Japanese based Suntory Holding agreed to purchase Beam Inc., maker of Jim Beam and other spirits, for $13.6 billion making the combined firm the 3rd largest in terms of world liquor sales.
JP Morgan, Citigroup, Intel and Shell all announced weaker earnings than expected or issued profit warnings, while Wells Fargo, Bank of America, Blackrock, and Morgan Stanley all outpaced analyst estimates. Article
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