Last week was a little rough for Wall Street again. The S&P 500 was down .65%, closing at 2,425.55 on Friday. The Dow Jones Industrial Average was down for a second week in a row. It closed Friday at 21,674.51 losing .84% last week. The housing market has started to decline as well. Groundbreaking was down 4.8% in July with permits issued declining by 4.1% as well.1
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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. If you haven’t already, sign up for your own Personal Financial Website to keep track of all of your finances.
|% CHANGE||Y-T-D||1-YR CHG||5-YR AVG||10-YR AVG|
|REAL YIELD||8/18 RATE||1 YR AGO||5 YRS AGO||10 YRS AGO|
|10 YR TIPS||0.43%||0.06%||-0.43%||2.45%|
Sources: wsj.com, bigcharts.com, treasury.gov – 8/18/175
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.
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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.