Money Talks – October 24, 2015

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by firm Principal, Jennifer Thomas, CFP®, and Senior Associate, K.C. Smith, CFP®, to discuss the week’s economic news, including housing starts, mortgage applications and existing home sales. They also discuss the downward swing in the Healthcare sector and earnings from Coca-Cola, Equifax and The hosts also explore a case study of a couple merging two families, and the financial considerations when both spouses have children from a previous marriage. The experts also answer listener questions on Social Security benefit estimates, leaving a company and taking your 401(k), and stock questions on Costco Wholesale Corp., Baker Hughes, Inc., Occidental Petroleum Corp. and Chevron Corp.

Market Roundup: Positive Week for the Markets

U.S. stocks edged higher on Monday despite a drop in crude oil that weighed heavily on Energy stocks. Technology stocks led the rally to ultimately push the start of the week into positive territory. Healthcare stocks and a series of lackluster earnings dragged down the markets on Tuesday, with the pressure from the Healthcare sector continuing on Wednesday because of criticism of drug prices. Technology stocks pushed the markets higher on Thursday with better-than-expected earnings. Existing-home sales rose in September, with total sales up 4.7% from August and 8.8% from September 2014. Impressive earnings from big-name Technology stocks pushed the S&P 500 back into positive territory for the year.