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

 

DOWN Week, Majors Lose 4+% for Week, 155,000 Nov. New Jobs, Fed Meets 12/18
for Week Ending 12/7/2018

 

Majors took a volatile ride down this week amid China tariff & trade talks and a Nov. jobs report. For the week the Dow lost 1,149 pts or -4.50%, the S&P slid 116 pts or -4.24%, while the NASDAQ fell 361 pts or -4.93%. Nov. new jobs came in at 155,000 with some investors speculating the Fed might hold on (versus raising) interest rates at their Dec 18-19 meeting, citing lower new jobs as a signal of a cooling economy. We'll see. Have a good weekend! Ed

 



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Regards, W. Edward Newton Jr., CFP (R)

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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