Highlights for the week ending October 25, 2013:
•Domestic stock prices continued to climb higher this week. Stock prices gained ground again this week on generally positive third quarter earnings reports. Amazon and Microsoft were two of the companies reporting better-than-expected earnings. With about half of S&P 500 companies having reported so far, average earnings growth has been about 7.1%, with about 76% reporting better-than-expected results.
•Global markets were modestly higher for the week. World markets generally kept pace with the U.S. Europe continued to perform well as, bolstered by positive earnings reports from Daimler AG and Royal Philips NV. U.K. equities advanced for the third consecutive week on encouraging economic data.
•Treasury prices were higher again this week. The yield on the benchmark 10-year U.S. Treasury declined as consumer confidence dipped to a 10-month low, and as speculation mounts that the Fed will not begin tapering bond purchases this year.
•Commodity indices were lower on the week. Crude oil fell on additional news of rising inventories. Precious metals and grains were mixed.
||As of 10/25
Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchmark performance of specific investments.