Major U.S. indices were mixed over the past week, led by the
Dow Jones Industrial Average and lagged by
small-cap
stocks, as of Thursday’s close. Despite concerns that the equity market
might be overextended, the U.S. economy showed some signs of strength
in June after unemployment claims unexpectedly fell and manufacturing
activity in the mid-Atlantic region accelerated to its highest level in
years.
International markets moved largely higher over the past
week, as of Thursday’s close. Japan’s Nikkei 225 jumped 1.07%; Britain’s
FTSE 100 jumped 0.85%; and, Germany’s DAX 30 jumped 0.91%. In Europe,
investors grew concerned over a slowdown in Germany’s economy, as
Germany has generally served as an anchor for the region. In Asia,
China’s economy grew at a 7.5% annualized rate--a positive sign.
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