Roland Stoever: Market Week: July 17, 2017

Monday, Jul 17, 2017

Roland Stoever
Stoever Glass & Co., Inc.
P: (800) 223-3881

The Markets (as of market close July 14, 2017)

Both the Dow and S&P 500 reached record highs last week, and each of the indexes listed here posted gains. While the large-cap indexes reached new highs, the tech-heavy Nasdaq had the best week, climbing over 2.50% by last week's end, followed by the Global Dow, which gained a little over 2.0%. With consumer prices holding steady inflation appears to be stagnant, which bodes well for the Fed holding interest rates at their current level. This may have prompted investors to sell long-term bonds as prices dropped, hiking yields higher.

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