Stocks Dropped For Second Straight Week Amid Strengthening Economic Reports

Published Friday, August 18, 2017 at: 7:00 AM EDT

Despite political upheaval in Washington, D.C. and a decline in stock prices for the second week in a row, the economy showed strength last week. The Standard & Poor's 500 stock index, a barometer of America's promise, suffered its second consecutive weekly decline, closing at 2425.55. But the decline for the week was less than 1% and Friday's close was only about 2.5% off the all-time high close of 2480.91, reached on August 7, and it came as economic data continued to suggest the 96-month old expansion and bull market was continuing to gain strength. Americans opened their...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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