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

 

Fed Raises Rates, Market Down Slightly for Wk...
         for Week Ending 12/18/2015

 

As the Fed announced it will raise rates ever so slightly this week, Friday's drop wiped out gains for the week, with the majors all down. For the week the Dow was down 136 pts or -0.79%, the S&P 500 fell just 6 pts or -0.34%, and the NASDAQ only lost 10 pts or -0.21%. Per the Fed the rate increase is seen as good news the economy is expanding albeit slowly and higher rates will benefit savers over time. 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