Stocks dipped Monday as investors looked ahead to a big week of quarterly reports and the Federal Open Market Committee meeting. The dip continued Tuesday as energy stocks weighed on the market because of a dip in crude oil. Healthcare stocks in the S&P 500 rose the most on Tuesday, up 1.7%. Treasury prices rose as well, pushing the 10-year note’s yield down to 2.03%. When the Federal Reserve decided to keep interest rates on hold and toned down its concerns about global financial markets, investors reacted kindly, pushing the markets higher for the day. Crude Oil also moved higher, bolstering Energy stocks. Trading ended slightly in the red zone on Thursday, as the Commerce Department showed real GDP increased 1.5% in the third quarter, which was well shy of the 3.9% advance during the second quarter. Indices traded into red territory on Friday. Stocks may have dipped for the day, but the markets ended the month well in the green.
Our analyst reviews listeners’ holdings in Tyson Foods, and U-Haul’s parent company AMERCO. Our tax expert also advises on charitable business deductions for the self-employed.
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.
Our experts focus on a case study about the financial complexities that come with a second marriage, especially when children from a previous marriage are involved.
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.
Our experts answer listeners’ questions on three stocks in the Energy sector: Oil equipment and technology supplier Baker Hughes, Inc.; oil and gas exploration company Occidental Petroleum Corp., and explorer and refiner Chevron Corp.
This week on “Money Talks,” hosts Matt Hames, CTFA, and Troy Harmon, CFA, CVA, to discuss the market’s gain for the week. They also discuss the Producer Price Index, Retail Sales and the Consumer Price Index economic releases. The case study they discuss this week focuses on a recently divorced mother who wants to ensure she will continue to receive child support from her ex, while also focusing on estate planning issues now that she is divorced. The experts also answer listeners’ questions on Wal-Mart Stores’ significant drop in price, health care companies Gilead Sciences and Arcadia Healthcare, as well as questions on Praxair, Disney, TJX Companies and Ralph Lauren.
Our experts delve into a case study where a custodial parent is interested in ensuring she continues to receive child support payments should something happen to her ex-husband.