U.S. Stocks Down, Broadcom bid, AT&T Deal

Financial News and Portfolio Management Discussion through November 11th

US stocks had their first down week since September as tax reform came into question. The S&P 500 edged down 0.2% and the Dow fell 0.5% for the week.  Internationally, Japan rose 0.6% and Europe sank 1.9% for the week. The yield on the 10 year Treasury rose over the week to finish at 2.40%.

Chip maker Broadcom made an unsolicited bid for Qualcomm for $105 billion.

US regulators said AT&T needs to sell either CNN or DirecTV if it wants to complete its deal with Time Warner.Qualcomm

Macy’s, Kohl’s and Nordstrom posted mixed results.

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.

Image courtesy of washingtonpost.com

This entry was posted in Audit, Forensic Accounting, Tax, Technology, Uncategorized and tagged , , , , . Bookmark the permalink.

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