Jeffers Financial Advisory | 1635 Hawthorne Dr | Plainfield, IN 46168 | julie@jeffersco.net | (317) 837-7720

 

Down Week, New China Tariffs, Fed Cuts Rates 1/4 Pt, 164,000 New July Jobs, Wages up 3.2%
for Week Ending 8/2/2019

 

Markets pulled back sharply this week despite a 1/4 point drop in interest rates by the Fed. For the week the Dow lost 707 pts or -2.6%, the S&P fell 94 pts or -3.14%, while the NASDAQ slid 326 pts or -3.92%. More China tariffs sent the markets down Thur as new jobs for July came in at 164,000 & wages increased 3.2% year over year. The new jobs set a record high of 163.4 million in the US labor force while unemployment held at 3.7%. Have a good weekend! Julie

 

 



If you have comments or questions on the information in these articles,
as usual feel free to call our offices.  Julie Jeffers - Jeffers Financial Advisory.com

 

 

 

 

Julie Jeffers | Jeffers Financial Advisory | 1635 Hawthorne Dr | Plainfield, IN 46168
julie@jeffersco.net | (317) 837-7720 | www.jeffersfinancialadvisory.com