Financial News and Portfolio Management Discussion through June 9th
US stocks rose over the week despite trade tensions. The S&P 500 gained 1.6% and the Dow advanced 2.8%, for the week. Abroad, Europe eased 0.5% and Japan surged 2.4%, for the week. The yield on the 10-year Treasury edged up over the week to finish at 2.93%. Article
Business activity in Europe reached its lowest level in a year and a half in May.
China said it would buy $70 billion of US goods if the US dropped its threated tariffs.
In April, for the first time since records were kept starting in 2000, there were more job openings than job seekers. Article
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.