The US$ and bonds finished the week with positive returns, while Crude, NASDAQ, and bonds finished relatively unchanged. Natural gas fell another 1.4% this week, while gold slid 2.4%.
Here are how markets closed on the week:
– US$: +1.4%
– 30-year bond futures: +0.4%
– 10-year note futures: +0.3%
– NASDAQ futures: +0.1%
– Crude oil: +0.1%
– S&P futures: -0.9%
– DJIA futures: -1.2%
– Natural Gas: -1.4%
– Gold: -2.4%
There was some interesting news released Thursday. Facebook has apparently decided to be listed in the NASDAQ under ticker FB. Shares are expected to debut in May.
In addition, Warren Buffet is said to have guarded Berkshire Hathaway (BRK) against higher rates according to Moody’s. Moody’s says that BRK’s losses as a percentage of shareholder equity would be the lowest among 27 insurers.
By Mark Meadows