Market Commentary

WEEKLY MARKET COMMENTARY

The Markets

The most recent measures of the U.S. economy showed mixed results last week. Manufacturing rose in July, with the automotive industry reporting the largest production increase in five years. Consumer sentiment, however, dropped in August to its lowest reading since November, according to preliminary data from the Thomson Reuters/University of Michigan survey. Markets fell and then recovered Friday after reports of a Ukraine military attack on a Russian convoy. For the week, the Dow gained 0.78 percent to close at 16,662.91. The S&P rose 1.28 percent to finish at 1,955.06 and the NASDAQ climbed 2.15 percent to end the week at 4,464.93.

 

Returns Through 08/15/14	1 Week	YTD	1 Year	3 Year	5 Year
Dow Jones Industrials (TR)	0.78	2.04	12.84	16.19	15.31
NASDAQ Composite (PR)	2.15	6.90	23.82	20.45	17.59
S&P 500 (TR)	1.28	7.14	20.12	20.12	16.69
Barclays US Agg Bond (TR)	0.45	4.66	5.64	2.89	4.61
MSCI EAFE (TR)	1.89	-0.53	6.89	11.25	5.37

 

Source: Morningstar.com. *Past performance is no guarantee of future results. Indexes are unmanaged and cannot be invested into directly. Three- and five-year returns are annualized. The Dow Jones Industrials, MSCI EAFE, Barclays US Agg Bond and S&P, excluding “1 Week” returns, are based on total return, which is a reflection of return to an investor by reinvesting dividends after the deduction of withholding tax. The NASDAQ is based on price return, which is the capital appreciation of the portfolio, excluding income generated by the assets in the portfolio in the form of interest and dividends. (TR) indicates total return. (PR) indicates price return. MSCI EAFE returns stated in U.S. dollars