Developing Relationships, Delivering Results
FINANCIAL MARKET WEEK: (as of market close August 18, 2023)
After another week of strong economic data, investors seemed to accept that the Fed may not be done lifting interest rates after all — and that Wall Street might have started celebrating the end of the rate-hike cycle too soon. Each benchmark index listed here dropped more than 2% by the end of the week, as did crude oil prices. Gold prices also fell while the dollar advanced. Yields on 10-year Treasuries continued their upward march, reaching 15-year highs.
The Dow dipped 0.5%. Wall Street also fretted over the rising 10-year Treasury yield, which ended the day at a 15-year high of 4.26%. Oil and gold prices fell again, but the dollar rose.
- STOCK MARKET INDEXES
- LAST WEEK'S ECONOMIC NEWS
- EYE ON THE WEEK AHEAD
Wendy Nelson, CEO of Wind River Wealth Advisors, aims to provide beneficial investment management, retirement planning, financial planner, asset management, and portfolio management to protect your money with knowledgeable strategies and plans by utilizing a personal independent financial advisor.