Market Week: July 20, 2015
 

The Market
As of market close July 17, 2015 - Following a week of losses, the market rebounded in a big way for the week ended July 17. News of a tentative agreement between Greece and its creditors seemed to quell investor concerns of a Grexit. Moves by the Chinese government have stopped a stretch of sell-offs, temporarily stabilizing the economy. All in all, technology-heavy Nasdaq was the best performer, followed by the S&P 500. Possibly in response to the presumption that Iran will flood the oil market as a result of relaxed economic sanctions emanating from the nuclear agreement, crude oil was back down near $50 a barrel at $50.89. Conversely, the national average retail regular gasoline price increased to $2.834 per gallon on July 13, 2015, $0.041 above the prior week's price but $0.801 below a year ago. Gold closed the week at $1,132.30 per ounce--its lowest price in five years.

Read the rest of the story.