Indices closed out Friday’s session in the red zone. Brands retreated on continued Greek debt concern. The European Central Bank has reportedly boosted its funding limit for emergency loans to Greece’s banks, according to Reuters, after customers withdrew one billion euros from banks on Friday alone.
Brands climbed on Thursday. The Nasdaq traded up to a new record level. Stocks prospered in the wake of dovish Federal Reserve commentary and despite continued Greek debt discussion. On another note, Labor Department data, released today, showed a jump in consumer prices for May.
Surprise, surprise. The statute of limitations for your tax return isn’t as clean cut as you hoped. We explain in this week’s Tax Tip.