Stoever Glass & Co., Inc.
P: (800) 223-3881
The Markets (as of market close June 16, 2017)
The benchmark indexes listed here seemed to follow last week's mixed economic news. While the Fed raised interest rates based on what it perceived as favorable labor and economic reports, inflation is definitely receding and the housing market has stalled. Equities were mixed as the small caps of the Russell 2000 and the tech stocks of the Nasdaq fell back, while the large caps of the S&P 500 and Dow posted marginal gains. Rising interest rates were offset by lower inflationary trends, which may account for the lack of movement in the 10-year Treasuries.
Please click on the PDF below to read the full article.