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.

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

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 )

Connecting to %s