August 17, 2015 Weekly Market Update from Maier & Associates Financial Group

Stocks moved slightly ahead of last week. Both the large-cap S&P 500 and Dow posted modest gains by week's end as did the small-cap Russell 2000. The Nasdaq was relatively flat posting only a 0.09% gain week-on-week. The Global Dow, possibly influenced by the generally slumping Chinese economy coupled with that government's devaluation of the yuan, finished the week in negative territory.

The price of gold (COMEX) rebounded from last week, selling at about $1,113.20 by late Friday afternoon. Prices for crude oil (WTI) fell to a level not seen since early 2009, selling at $42.18/barrel by week's end. The national average retail regular gasoline price decreased to $2.629 per gallon on August 10, 2015, $0.060 less than last week's price and $0.876 below a year ago.

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