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

 

2nd UP Week as Global Oil Prices Fall & The Fed Leaves Interest Rates Alone
for Week Ending 11/9/2018

 

The majors rose for a 2nd week in a row despite Friday's sell off & ongoing global weakness in oil prices. For the week the Dow added 718 pts or 2.84%, the S&P rose 57 pts or 2.13%, while the NASDAQ jumped 189 pts or 2.65%. The Fed left rates alone at their Thursday meeting this week but signaled "further gradual increases in the target range". US benchmark oil is now down 20% from their recent highs. Have a good weekend! Ed

 



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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