Financial News and Portfolio Management Discussion through September 8th
All the news you need to stay informed about what’s currently driving the market — courtesy of Raffa Wealth Management, LLC.
US Stocks fell over the week on renewed talk of raising tariffs and inflation concerns. The S&P 500 fell 1.0% and the Dow eased 0.2% for the week. Internationally, Japan dropped 2.4% and Europe sank 2.2% for the week. Emerging markets fell into bear market territory over the week. The 10-year Treasury yield gained over the week ending at 2.94%.
The August jobs report slightly topped expectations with 201,000 jobs added making the monthly average rate for the year 185,000. The unemployment rate remained steady at 3.9%. Wage growth picked up gaining 2.9% from a year earlier. It’s the fastest pace of wage growth since mid-2009.