Newsletter: In the Markets – Week-Ending June 10 Crystal Brook Advisors We Make Financial Planning Crystal Clear United States: Federal Reserve Chairwoman Janet Yellen affirmed that the central bank won’t be raising short-term interest rates until new uncertainties about the economic outlook are resolved.(1) Europe: German industrial orders dropped more than expected in April due…
Newsletter: In the Markets – Week-Ending June 3 Crystal Brook Advisors We Make Financial Planning Crystal Clear United States: Wagers on rising U.S. rates last week hit their highest level since 2014, a profound shift from the market’s mind-set as recently as a month ago.(1) The volatile construction spending report delivered a monthly surprise, falling…
U.S. stocks closed higher Friday as fears of a June Federal Reserve rate-hike eased following a Thursday selloff. The Dow Jones Industrial Average DJIA, +0.38% rose 65.54 points, or 0.4%, to close at 17,500.94, but was down 0.2% for the week for a fourth straight week of losses.