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

 

UP Week, Majors Recoup Last Wk Losses, Fed Hints Rate Hikes Will Slow, Oil Down
for Week Ending 11/30/2018

 

Majors recouped their losses from last week and then some as stocks rebounded sharply. For the week the Dow added 1,252 pts or 5.16%, the S&P rose 121 pts or 4.60%, while the NASDAQ climbed 391 pts or 5.46%. The Fed Chair hinted on Wed that it may now only hike rates once or twice in 2019 as opposed to earlier forecasts of 3-4 hikes. US crude plunged 22% in Nov. to $50.93 for weakest month in over 10 years. 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