All the news you need to stay informed about what’s currently driving the market – courtesy of Raffa Wealth Management, LLC.
US stocks had their first down week since September as tax reform came into question. The S&P 500 edged down 0.2% and the Dow fell 0.5% for the week. Internationally, Japan rose 0.6% and Europe sank 1.9% for the week. The yield on the 10 year Treasury rose over the week to finish at 2.40%. Article
Chip maker Broadcom made an unsolicited bid for Qualcomm for $105 billion.
US regulators said AT&T needs to sell either CNN or DirecTV if it wants to complete its deal with Time Warner.
Macy’s, Kohl’s and Nordstrom posted mixed results.
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