Friday, March 13, 2015

March 9, 2015 Weekly Market Update from Maier & Associates Financial Group

Good news about unemployment proved bad news for the equities markets. The Dow industrials closed 279 points lower after Friday's strong jobs report as investors feared it might help hasten the end of the Fed's near-zero target interest rate. Nevertheless, the Nasdaq topped 5,000 earlier in the week for the first time since March 2000. The strengthening of the U.S. dollar in the wake of Thursday's European Central Bank meeting took a toll not only on the euro but on gold and oil; gold fell to $1,164--its lowest price of the year--while oil dipped below $50 a barrel. Meanwhile, the benchmark 10-year Treasury yield shot to its highest level of the year as prices fell.


March 9, 2015 Weekly Market Update from Maier & Associates Financial Group

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