The government reopened…now what? Click HERE to read an informational article on the topic.
• On Friday, for the fifth time in seven sessions, the S&P500 closed at a record high. It was also the third straight week of positive performance for the S&P 500.
• Treasuries were down for the week as a result of economic data releases, such as August nonfarm payrolls reporting in less than expected.
• August trade deficit in goods and services missed expectations coming in at $38.8 Billion.
• Large-cap growth stocks outperformed large-cap value stocks, while small-cap stocks lagged for the week.
• September new orders for durable goods rose 3.7% and the unemployment rate declined to 7.2%.
• For the week, eight of the ten economic sectors were positive with industrials as the best performing sector while financials was the worst performing sector.
• For the week ending 10/25/13, the S&P 500 gained 0.88% closing at 1759.77. The MSCI EAFE Index gained 0.42% closing at 1886.29 and the MSCI EM Index dropped -1.42% to end the week at 1027.27.