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

 

3rd DOWN Week, Majors Fall 6%-8%, Fed Raises Rates .25 Pts, Oil Falls to $46/bbl
for Week Ending 12/21/2018

 

Majors were down for a 3rd week, losing 6%-8% as the Fed raised interest rates a 4th time here in 2018. For the week the Dow lost 1,655 pts or -6.87%, the S&P slid 183 pts or -7.07%, while the NASDAQ fell 577 pts or -8.36%. The Fed raised interest rates by .25 basis points on Wed, while it signaled 2 possible rate hikes in 2019, a dial back from previous projections. Crude oil continued to fall hitting $45.88/barrel. 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