W. Edward Newton Jr., CFP (R) | 13850 Ballantyne Corporate Place, Suite 500 | Charlotte, NC 28277 | 704-552-8689

 

Worst Week Since August, Fed Meets Next Wk...
         for Week Ending 12/11/2015

 

The market ended its worst week since August today as oil prices fell to new 7-year lows, while investors anticipated the Fed will bump up short-term interest rates next week. For the week the Dow was down 582 pts or -3.26%, the S&P 500 fell 79 pts or -3.79%, and the NASDAQ dropped 208 pts or -4.06%. With oil down to near $35.50/barrel, energy profits are expected to drop putting pressure on the sector, losing -3.49% today. Have a good weekend! Ed.



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W. Edward Newton Jr., CFP | Certified Financial Planner

13850 Ballantyne Corporate Place, Suite 500 Charlotte, North Carolina 28277 Phone: (704) 552-8689 | Email: ednewton@newtoninvestments.com