Pictures of our Rockford Aviators & Madison Mallards baseball outings have now been posted to our website. Check out the albums by clicking HERE!
• For the second consecutive week the S&P 500 had negative performance, closing the week at -2.10%.
• Speculation that the Federal Reserve may start pulling back the debt purchase program as early as September, pushed the yield on the 10-year to 2.86%, its highest level in over two years.
• Jobless claims fell to a post-recession low of 320,000 which were 15,000 below expectations for the week, the lowest since October 2007.
• All ten economic sectors had negative performance with the information technology sector performing the best and utilities performing the worst.
• Large-cap value stock outperformed large-cap growth stocks for the week.
• U.S based equity mutual funds continued with its 32nd consecutive week of inflows taking in$2.6 billion for the week.
• For the week ending 8/16/13, the S&P 500 fell -2.10% closing at 1655.83. The MSCI EAFE Index lost -0.15% closing at 1765.47 and the MSCI EM Index rose 0.71% to end the week at 958.11.
