Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.
The Berkshire Hathaway annual shareholder meeting last year drew over 30,000 people to Nebraska to hear the “Oracle of Omaha,” Warren Buffett. With the pandemic, this year the whole meeting was presented on the internet. Visit Omaha, the city’s tourism bureau, figures that will cost the citizens of that city about $21.3 million in lost compensation and revenues, according to The Wall Street Journal.
Gold prices found support around the $1,700-per-ounce level, closing the week at $1,700.90 per ounce.
Despite a rally on Friday (4/24), the string of back-to-back weeks of gains for the major stock market indexes ended last week. The Dow Jones Industrial Average fell 1.9%, the S&P 500 Index slipped 1.3%, and the NASDAQ Composite gave back just 0.2%. The Russell 2000 small-capitalization index did manage a gain, rising 0.3%. The 10-year Treasury bond yield fell 4 basis points, sending Treasury bonds generally higher. Last week, spot gold was the big winner, closing at $1,729.60, up $46.78 per ounce, or 2.78%.
Last week, gold prices found support at around $1,670 per ounce, and then rallied back toward the recent high at $1,788.00 per ounce before closing at $1,735 per ounce.
Most of the major stock market indexes finished the week with what has been rare of late—back-to-back weeks of gains. The Dow Jones Industrial Average grew 2.2%, the S&P 500 Index rose 2.9%, and the NASDAQ Composite rallied 6.1%. The Russell 2000 small-capitalization index, the best performer the previous week, lost ground last week, falling 1.4%. The 10-year Treasury bond yield fell 7 basis points, sending Treasury bonds generally higher. Last week, spot gold closed lower at $1,682.80, down just $0.91 per ounce, or 0.05%.