Despite any number of uncertainties cited or alluded to by Fed Chair Janet Yellen in her press conference last Wednesday, investors chose to focus on the positive points made on the economy. Follow the link below to our report and tables on last week’s markets.
Stock prices fell last week, as Iraq appeared to be breaking up into religious factions, and ISIS forces marched toward Baghdad. Still, as the FOMC gathers for its monetary policy meeting inWashington (Tuesday-Wednesday), stock market averages are generally within 1% of record highs. Follow the link below to our report on last week’s markets.
Part policy and part fundamentals, last week’s rally in stock prices took the Dow Jones Industrials and S&P 500 to new highs, while yields on peripheral European sovereign debt fell to new lows. Thanks go to the European Central Bank and the U.S. jobs machine. Follow the link below to our report and weekly market tables.