Home Prices Rose in Fourth Quarter

Financial News and Portfolio Management Discussion through February 14th

US Stocks moved higher over the week on positive earnings reports and a truce in Ukraine.  The Dow gained 1.1% and the S&P 500 rose 2.0% for the week with the S&P 500 at a new record high.  The NASDAQ hit a 15 year high as well.  Internationally, Europe was up 1.0% and Japan was up 1.5%.  The yield on the 10 year Treasury rose back about the 2.0% threshold to finish at 2.02%.

Home prices rose 6% in the fourth quarter from a year earlier.  That is up from 4.8% in the third quarter.

Retail sales fell 0.8% in January driven by dropping gas prices, but even excluding gas retail sales were flat.

Germany helped drive an increase in Eurozone GDP in the 4th quarter of 0.3%, slightly topping expectations.

150212_EM_ExpediaOrbitz
Photo courtesy of http://www.time.com

Expedia and Orbitz agreed to merge in a $1.34 billion deal.

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

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