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

 

3rd Down Week on Lingering China Fears, Jobless Claims Fall to 211k - Near 50-Yr Low!
for Week Ending 5/24/2019

 

A 3rd down week for the majors. The 5th for the Dow making it the Dow's longest weekly losing streak in about 8 years. For the week the Dow lost 175 pts or -0.68%, the S&P fell 33 pts or -1.16%, while the NASDAQ slid 180 pts or -2.31%. Unemployment claims fell again to 211k for the week ended May 18. West TX Intermediate Crude oil lost 6% this week settling at $58.63/bbl. US durable goods orders dropped 2.1% last month. Have a great holiday 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