Weekly Financial Update August 3, 2018

The S&P 500 ended last week up 0.72% as market participants digested earnings reports, trade tensions, and central bank policy updates. 

U.S. nonfarm payrolls increased a seasonally adjusted 157,000 in July below expectations of 190,000. The unemployment rate fell to 3.9%, down from 4% in June.

The Federal Open Market Committee (“FOMC”) met this week and voted unanimously to keep rates unchanged with the federal funds midpoint target at 1.875% with a range of 1.75% to 2.00%.

Read the entire Weekly Financial Update to learn more about these updates and the ISM Manufacturing and Non-Manufacturing Index readings.