Shesa's AUGUST 2014 INVESTMENT BLOG
24 August 2014 AUGUST 2014 Investment Blog Shesa Nayak U.S. Stock Market Commentary Hello and Welcome to my August investment blog. The US Stock market particularly NASDAQ has been riding high. The DOW Jones closed this Friday at 17,001.22 , S&P 500 closed at 1,988.40 and NASDAQ closed at record 4,538.55 points . NASDAQ hit 13+ years high, S&P 500 hit new all time high last week and closed almost at its pick. Let’s see whether NASDAQ can break the record set on March 10, 2000, when the index peaked at an intra-day high of 5,132.52, and closed at an all-time high of 5,048.62. Wall Street this week Last week was dominated by Fed agenda. According to the FOMC minutes, long-term unemployment and weak wage growth remain a problem, so the Fed plans to keep interest rates low for some time. Fed chairman Ye...