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Domestic indexes posted strong results on Friday, May 4th, as the latest labor report data lessened investors' concerns about inflation and interest rates. Nonetheless, stocks had mixed results last week. The S&P 500 dropped 0.24% and the Dow gave back 0.20%, which marked both indexes' 2nd week of losses in a row. Thanks to a bounce in tech stocks, however, the NASDAQ gained 1.26%.
Domestic stocks lost ground last week as trade war concerns continued to rattle investors. With these declines, the Dow officially moved back into correction territory. For the week, the S&P 500 lost 1.43%, the Dow dipped 0.5%, and the NASDAQ dropped 2.11%. International stocks in the MSCI EAFE managed a 0.38% increase.
One key way to build serious wealth, whether in a business or your everyday life, is to effectively and consistently negotiate deals that are good for you and your bottom line. Ideally, everyone walks away from a negotiation feeling good about the outcome, a win-win scenario. But ultimately, to be successful you must achieve your minimum goals and preferably a whole lot more.