Interest Rate Speculation Dominated Investor Sentiment

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Interest rate speculation, once again, dominated investor sentiment with key U.S. equity indexes concluding the period lower. The Dow Jones, Nasdaq and S&P 500 all posted losses during a holiday-shortened week. International markets also expressed ripples of concern around the next U.S. Federal Reserve (Fed) interest rate hike with the Global Dow and the Euro 600 index both finishing the period lower. The U.K. FTSE 100 was also down. Oil and gold both gained during the period. The U.S. ten-year Treasury note yield rose to approximately 1.67%.

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