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News and Insights » Market Review, Week Ending August 4, 2017

Market Review – August 4, 2017

The Dow Jones Industrial Average continues to march upward, breaking the 22,000 barrier this week. Much of the upward movement was driven by Apple posting strong 2nd quarter earnings nudging the share price up nearly 5% for the week. The market also received a strong boost from the employment numbers that were released, showing that the U.S. labor market added nearly 209,000 jobs in the month of July. This pushed the U.S. unemployment rate down to 4.3%.

The 2nd quarter earnings releases have shown that U.S. companies are continuing to thrive and post strong numbers. Additionally, companies in foreign and emerging market economies are presenting very strong investment options as well. This reinforces our belief that a diversified portfolio can give strong exposure to several different economies while limiting the amount of exposure to any one sector.

August 7th, 2017 @ 12:00am by UMAFS
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