Thursday, September 17, 2015

September 14, 2015 Weekly Market Update from Maier & Associates Financial Group

The stock market rebounded nicely from the prior week's sell-off with each of the major indexes listed here posting positive gains last week. The Nasdaq was the leader, increasing 2.96% ahead of the previous week's close, followed by the S&P 500 and the Dow. Nevertheless, market uncertainty abounds, as investors anxiously await news from this week's Federal Reserve policymakers' meeting relative to a potential interest rate hike.

The price of gold (COMEX) dropped again, selling at about $1,107.90 by late Friday afternoon compared to $1,122.30 a week earlier. Crude oil (WTI) prices remained relatively the same, selling at $44.78/barrel by week's end. The national average retail regular gasoline price decreased to $2.437 per gallon on September 7, 2015, $0.073 under the previous week's price of $2.510 per gallon and $1.02 below a year ago.
September 14, 2015 Weekly Market Update from Maier & Associates Financial Group
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