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

 

2nd DOWN Week - Dow + S&P 500 Near Correction Territory
for Week Ending 2/9/2018

 

Following last Friday's sell-off, markets continued down as the Dow & S&P 500 crossed briefly into correction territory. For the week the Dow fell 1,330 pts or -5.21%, the S&P slid 141 pts or -5.13%, while the NASDAQ lost 366 pts or -5.06%. The near correction (a 10% drop of off 52-week highs) was sparked by last week's robust jobs report & investor fears a rising economy might lead to inflation & more Fed rate hikes. 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