June 22, 2015 Weekly Market Update from Maier & Associates Financial Group

The markets responded favorably following the Federal Reserve's announcement that interest rates would not be raised next month. Both the large-cap Dow and S&P 500 closed ahead of last week. But the biggest weekly gainers were the Nasdaq, which gained 1.3%, and the Russell 2000, which closed the week 1.55% better than last Friday's close. The national average for gas prices was $2.835 – up $0.055 from last week. Gold finished the week up $21 from last week, selling at $1,200.20.

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