November 16, 2015 Weekly Market Review from Maier & Associates Financial Group

November 16, 2015 – Stocks fell sharply this week, possibly in anticipation of the Federal Reserve's impending interest rate hike, maybe as soon as next month. The Dow lost a little over 665 points, or 3.71%, closing the week at 17245.24. The S&P 500 fell 3.63%, and the Nasdaq, which has been a consistent gainer, dropped over 4%. Last week's declines follow an October during with equities climbed out of a summer slump to register positive gains year-to-date. Those gains have dissipated for the most part, with only the Nasdaq ahead of last year.

The price of gold (COMEX) decreased, selling at $1,083.90 a week earlier. Crude oil (WTI) prices fell, selling at $40.73 per barrel by week's end. The national average retail regular gasoline price increased to $2.235 per gallon on November 9, 2015, $0.011 over the previous week's price of $2.224 per gallon, but still $0.706 below a year ago.

Click to View & Download the Complete M&A Weekly Market Update

Maier & Associates Financial Group is here to help!

At Maier & Associates, we are committed to helping you manage your finances as you strive to achieve your financial goals today, tomorrow, and many years down the road. Your financial success is important to us, which is why we create a wealth management strategy designed to meet your personal financial goals and dreams. Visit our website at http://maierandassociates.com/ or simply give us a call at (800) 282-4503.

Follow Us: Facebook, Twitter, Google +