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Weekly Financial Market Update - August 9, 2019

Christopher LaPorta

August 12, 2019

The U.S stock market continued to tumble early last week from escalated concerns over the U.S.-China trade war as the S&P 500 fell 3.0% last Monday. The remainder of the week all three major U.S. equity averages recouped the decline to close out the week with only modest losses. In the bond market, the 10-year U.S. Treasury yield continued to dive from the previous week’s close of 1.84% to near 1.60% Wednesday afternoon before ending the week near 1.70%. This marks its lowest yield since 2016. 

Learn more about how labeling China a currency manipulator affected the economy and other financial news from the last week in our Weekly Financial Market Update