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

 

  Majors All Down For Week, Fed Rate Unchanged
           for Week Ending 8/26/2016

 

The Dow, Nasdaq & S&P were all down this week as Janet Yellen today suggested a rate hike is coming but offered no timetable. All the majors were down as the DOW lost 157 points, or -0.85%, the S&P slipped 14 points or -0.68% and the Nasdaq lost 19 points or -0.37%. Benchmark crude oil futures were $47.43/barrel w/ US oil rig count holding at 406. Have a good weekend! Ed

 



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Regards, W. Edward Newton Jr., CFP (R)

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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: ed@newtonwealthmanagement.com