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

 

Mixed Week, Dow Rebounds, Volatility Still High, Jobless Claims Drop to 210k
for Week Ending 10/19/2018

 

After weeks of heavy losses the Dow moved slightly higher this week amid very high volatility. For the week the Dow added 104 pts or 0.41%, the S&P lost 3 pts or -0.13%, while the NASDAQ fell 47 pts or -0.64%. Initial jobless claims dropped to 210,000, the lowest in 49 years. Earnings season double-digit growth #s, higher wages & tariffs are in the volatility mix and may pressure future corporate margins. 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