[Certified Financial Group]

The Markets
A week of volatility ended with the stock market little changed from the prior week. On Wednesday, the major indices responded negatively to the potential for a Greek exit from the eurozone (Grexit), the free fall of China’s major markets, and a “technical glitch” on the New York Stock Exchange that temporarily shut down trading. Nevertheless, the markets rallied at the end of the week behind cautious optimism that Greece and its creditors could reach a deal, and that actions by the Chinese government could shore up markets there. All in all, the Dow and Russell 2000 actually registered slight gains over their July 2 close, while the S&P and Nasdaq almost recovered most of their early week losses.

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