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

 

4th Down Week on Mexico Tariff Talks, Jobless Claims 215,000 for Week Ending 5/24
for Week Ending 5/31/2019

 

A 4th down week for the majors. The 6th for the Dow making it the Dow's longest weekly losing streak in 8 years. For the week the Dow lost 767 pts or -3.00%, the S&P fell 73 pts or -2.61%, while the NASDAQ slid 184 pts or -2.41%. Unemployment claims rose slightly to 215k for the week ended May 25. The Fed meets next month on June 18th and a rate 'cut' will be up for discussion, depending on the economy. 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