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

 

Market Up for Week - NASDAQ 5900 + Fed Raises Interest Rates .25%
for Week Ending 3/17/2017

 

The majors rebounded this week albeit slightly as the Fed raised interest rates and the NASDAQ closed above 5,900. This week the DOW added 11 points or 0.06%, the S&P rose 5 points or 0.24% while the NASDAQ jumped 39 points or 0.67%. The Fed's expected quarter point interest rate hike this week had markets reacting positively & going higher. Crude oil remained below $50/brl while US rig counts rose by 14 to 631, a 9 week high. Have a good weekend! Ed

 



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

Certified Financial Planner

 

 

 

 

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