Last week was a little rough for Wall Street. The strained relationship with North Korea could be the culprit. The Dow dipped below the 22,000 milestone and closed at 21,858.32 on Friday. The S&P 500 fell below 2,442 as well. The VIX jumped 53.44% which is an indicator that more volatility could be on the way. With all that going on the price of gold went up. At Friday’s close it hit a two month high of $1,294.1
We talked about BitCoin a little last week. It’s price has risen to over $4,000.2 Last week it had just broke $3,400. To learn more about bitcoin and cryptocurrencies go read our articles How Risky Are Cybercurrencies? And Now There Are Two Kinds Of Bitcoin?
For more on the economy read our Weekly Economic Update. Also if you have trouble understanding or keeping up with some of the terminology, give our Translating Stock Market Jargon piece a quick read. Keep you debit and credit cards safe by Preventing a Debit Card Hack.
|% CHANGE||Y-T-D||1-YR CHG||5-YR AVG||10-YR AVG|
|REAL YIELD||8/11 RATE||1 YR AGO||5 YRS AGO||10 YRS AGO|
|10 YR TIPS||0.40%||0.10%||-0.60%||2.56%|
Sources: wsj.com, bigcharts.com, treasury.gov – 8/11/17
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.
Securities and Advisory Services offered through Triad Advisors Member FINRA/SIPC.
All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor’s 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services.