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News and Insights » Market Review, Week Ending July 21, 2017

Market Review -  July 21, 2017

The U.S. Equity Market posted gains for the week after strong corporate quarterly earnings drove major stock indices to new all-time highs. Of the 20% of U.S. companies that have released their quarterly earnings, 80% have beat expected earnings expectations.  

Looking overseas, the European Central Bank held a press conference about the plans for their Quantitative Easing program. Mario Draghi, the European Central Bank president, made it clear that while the European economy has grown, they are not ready to do away with quantitative easing. Economists speculate that they might begin a drawback on their fiscal stimulus program sometime next year.

UMA Financial Services will be closed on Friday, July, 28th for a company training meeting. 

July 26th, 2017 @ 12:00am by UMAFS
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