Weekly Financial Update June 22, 2018

The latest round of trade tariff threats between the U.S. and China along with political debate about domestic immigration policy dominated headlines this week. The technology-heavy NASDAQ Composite and broad-based S&P 500 Index closed the week with moderate losses, while the blue-chip Dow Jones Industrial Average experienced a larger decline. 

In fixed income markets, yields on the benchmark U.S. 10-year Treasury bond traded in a range of 2.86% to 2.94%. U.S. crude oil prices surged higher on Friday, eclipsing $69 per barrel following OPEC and its allies' decision to increase global output by a smaller amount than expected. 

Read the entire update to learn more about theses topics and data reports released this week on the U.S. housing market in our Weekly Financial Market Update.