S&P Rose Again, Along with Gas Prices

Financial News for the Week Ending February 9th

The S&P 500 ended the week up for the 6th straight week and hit a five-year high on news the trade deficit narrowed in December which likely points to a higher 4th quarter GDP number than previously reported. For the week, the S&P 500 rose 0.3% and the Dow fell slightly, down 0.1%. Internationally, Japan had its first down week of the year dropping 0.3% and Europe fell 0.3% as well. The 10-year Treasury yield fell over the week ending at 1.953%.

Gas prices are rising again as the national average for a gallon of gas rose to $3.54, its highest level since October.

BP and Disney’s earnings fell and UBS and Sony posted losses for the most recent quarter.

Toyota, Time Warner, News Corp and Credit Suisse posted 4th quarter profits.

Dell officially announced that it was being taken private by a group led by founder Michael Dell for $24.4 billion. Article

The Justice Department brought civil charges against credit rating firm S&P over mortgage bond ratings the firm issued prior to the financial crisis that the Justice Dept. saw as intending to defraud investors.

Reposted from the Raffa Wealth Management Blog.

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

This entry was posted in Investment Advisory and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s