Indices closed with mixed results on Tuesday. Goldman Sachs, Intel and Caterpillar led the downswing on the Dow, while biotech and pharmaceutical brands such as Merck, Johnson & Johnson and Eli Lilly led Nasdaq advancers.
Cutting your costs starts with finding out where and when your spending occurs. Read what to do in this week’s Financial Tip.
Indices closed in the red zone on Monday. Brands such as Goldman Sachs and Chevron led Dow decliners. Stocks slipped on a variety of economic and political news.
This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Principal Jennifer J. Thomas, CFP®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss the significance of the Dow reaching the 20,000 benchmark. They also talk about sector earnings performance, new and existing home sales and the Semi book-to-bill ratio. Jarrett and Jennifer lead a discussion on how 401(k) allocations can get “out of whack” even if you’ve been following your adviser’s recommendations. The experts also discuss a listeners’ question on prepaying his mortgage versus investing in a Roth IRA.
Principal Jennifer J. Thomas, CFP®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, lead a discussion on how 401(k) allocations can get “out of whack” even if you’ve been following your adviser’s recommendations.
Indices closed in the red zone on Monday, likely a result of President Trump’s comments that he would “shake up” trade, taxes and regulations. The market indices closed with gains on Tuesday, with the Dow Jones Industrial Average climbing back toward the 20,000 mark while the S&P 500 and NASDAQ both ended trading at new record levels. By mid-week, the Dow hit an all-time high, closing above the 20,000 mark. The S&P 500 and NASDAQ also ended the session at record levels. Crude oil slipped on a jump in inventories, as reserves increased by 2.8 million barrels last week versus expectations of a lesser uptick of 300,000 barrels. The market ended trading with mixed moves on Thursday. The Dow landed above the 20,000 mark again while the S&P 500 and NASDAQ shed some points. In other items, new home sales decreased in December as sales slipped by 10.4% last month to a rate of 536,000 versus expectations of 595,000. Additionally, initial jobless claims ticked up last week. Department of Labor figures showed new claims increased by 22,000 to 259,000 versus expectations of a lesser gain of 246,000. The market ended Friday mixed, but were up across the board for the week. The Dow and S&P 500 shed some points while the NASDAQ added marginal gains on Friday. Energy brands retreated on a dip in crude oil prices. Gross domestic product numbers failed to inspire the session when Commerce Department data showed GDP rose at an annual rate of 1.9% in the fourth quarter. The results were down from 3.5% growth in the third quarter. Looking elsewhere, consumer confidence ticked up in January. A final reading showed sentiment hit 98.5 this month, up from a preliminary estimate of 98.1, and well beyond expectations for the reading to remain unchanged.
The “Money Talks” experts discuss a listeners’ question on prepaying his mortgage to pay it off within 15 years or should he invest the extra money in a Roth IRA.
Indices closed slightly mixed on Friday. The Dow and S&P 500 shed some points while the Nasdaq added marginal gains. Energy brands such as Exxon Mobil, Chevron and Shell retreated on a dip in crude oil prices.
Business owners can save time with repeating transactions in QuickBooks to ensure they are processed as scheduled. Read all about it in this special QuickBooks Tip.
Indices ended trading with mixed moves on Thursday. The Dow managed to land above the 20K mark once again while the S&P 500 and Nasdaq shed some points. DuPont led Dow advancers amid the release of admirable quarterly data for potential merger partner Dow Chemical.