Fenwick Financial Services, LLC
Ann Y. Fenwick, CFP®, MSFS
CEO/Chairman
Helping you grow, preserve, and transfer your wealth
At Fenwick Financial Services, it is important to us to build life-long relationships with our clients. We take your whole financial picture into consideration. We believe in designing unique strategies that are aligned with your stated goals.

We constantly monitor the ever-changing financial environment to make sure you remain on track to meet your goals. We know that financial planning is not a one-time event, but a lifelong process.

We understand that choosing a financial professional is a very important decision. We invite you to explore our site and learn more about the services we provide. Let us help you discover where your dreams can take you.

Christopher E. Wasson, President
cwasson@fenwickfinancial.com
Weekly Market Review
Market Week: July 21, 2014

The Markets

U.S. stocks dropped sharply Thursday in response to the downing of a Malaysia Airlines commercial jet over Ukraine and the Israeli ground invasion of Gaza. However, most indexes bounced back Friday to end another week in positive territory. The exception was the Russell 2000 Index, which continued its decline perhaps aided by Fed Chairman Janet Yellen's comments earlier in the week indicating that valuations in some small-cap sectors appear "substantially stretched." Treasury yields dropped last week, while gold ended the week about 2% lower.

 

Market/Index 2013 Close Prior Week As of 7/18 Weekly Change YTD Change
DJIA 16576.66 16943.81 17100.18 .92% 3.16%
Nasdaq 4176.59 4415.49 4432.15 .38% 6.12%
S&P 500 1848.36 1967.57 1978.22 .54% 7.03%
Russell 2000 1163.64 1159.93 1151.61 -.72% -1.03%
Global Dow 2484.10 2599.40 2622.25 .88% 5.56%
Fed. Funds .25% .25% .25% 0 bps 0 bps
10-year Treasuries 3.04% 2.53% 2.50% -.03 bps -.54 bps

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.

 

The Dow Jones Industrial Average (DJIA) is a price-weighted index composed of 30 widely traded blue-chip U.S. common stocks. The S&P 500 is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the NASDAQ stock exchange. The Russell 2000 is a market-cap weighted index composed of 2,000 U.S. small-cap common stocks. The Global Dow is an equally weighted index of 150 widely traded blue-chip common stocks worldwide. Market indices listed are unmanaged and are not available for direct investment.

Please contact us for more information:
Fenwick Financial Services, LLC
 1777 Reisterstown Road,  Ste 280
 Pikesville, MD 21208
 Phone: 410-821-0089
 Fax: 410-821-5993
 afenwick@fenwickfinancial.com

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