Financial News and Portfolio Management Discussion through August 18th
All the news you need to stay informed about what’s currently driving the market — courtesy of Raffa Wealth Management, LLC.
US Stocks gained for the week as concerns over Turkey’s crisis snowballing across the globe eased and earnings were solid. The S&P 500 rose 0.6% and the Dow gained 1.4% for the week. Abroad, Japan edged down 0.1% and Europe sank 1.2% for the week. The yield on the 10-year Treasury ended the week at 2.87% up slightly from the previous week.
China’s fixed asset investments hit their lowest level in close to two decades over the first seven months of the year.
US retail sales rose 0.5% in July well ahead of forecasts and are up 6.4% from a year earlier.
US factory output rose 0.3%.
US and Chinese officials have discussed resuming talks to try and end the trade standoff prior to a meeting between the leaders of both countries in the fall.
Walmart reported sales rose at the fastest pace in over a decade in the past quarter.