Market Week: August 1, 2016

The Markets (as of market close July 29, 2016)

The large-cap indexes cooled off a bit last week, particularly influenced by a somewhat disappointing GDP growth rate for the second quarter and lackluster earnings reports from some key companies. On the other hand, the tech-based Nasdaq and the small-cap Russell 2000 each posted weekly gains, with the Nasdaq leading the way among the indexes listed here. Treasury yields fell, with the benchmark 10-year Treasuries dropping 11 basis points by last week’s end, likely influenced by falling oil prices. Abroad, the eurozone seems to be recovering from the initial shock caused by the Brexit vote, as the second-quarter GDP expanded at a modest 1.2% (the same as the U.S. GDP), which is ahead of the first-quarter pace.

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Market Week: August 8, 2016

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