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

 

Down Week, Majors Drop 3%-4%, 3rd Quarter GDP Up 3.5% + Wages Up 3.3%
for Week Ending 10/26/2018

 

A week of heavy losses plagued the majors amid high volatility with tech stocks taking a beating. For the week the Dow slid 756 pts or 2.97%, the S&P lost 109 pts or -3.96%, while the NASDAQ fell 281 pts or -3.78%. 3rd Quarter GDP was up 3.5% while the Labor Dept reported 3rd Qtr wages were up 3.3%. Oil & gas prices continue to fall as southeast pipeline & terminal operations normalize after hurricane Michael. 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