Morningstar, Inc. Commentaries
Aug 14, 2014
Click here to access July Was a Mixed Bag for CEFs
At the start of July, the markets were relatively calm despite escalating crises in Russia and the Middle East, though as the month wore on news from abroad began to weigh on the market. Despite largely positive economic news out of the United States near month-end, Argentina's pending default cast a shadow on the market. The S&P 500 Index plunged 2.4% in the last five trading days of July, closing the month down 1.4%.