Weekly Financial Update August 24, 2018

The S&P 500 Index closed at an all-time high of 2,874.69 on Friday, almost exactly seven months from the day of its previous closing high reached on January 26, 2018. The Dow Jones and technology-heavy NASDAQ indexes also advanced during the week to finish up 0.5% and 1.7%, respectively. 
As the current S&P 500 bull market became the longest on record this week, investors shrugged off the conviction of President Trump’s former campaign chairman Paul Manafort, and the guilty plea entered by Michael Cohen, Trump’s former personal attorney.

Read more about these developments including data on new U.S. single family home sales and the minutes from the most recent meeting of the Federal Reserve in our weekly financial market update.