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

 

UP Week as Majors Rally, Dow Up 1,100+ - Only 75k May New Jobs, Unemployment 3.6%
for Week Ending 6/7/2019

 

The losing streak was snapped this week as the majors rallied 4+% with the Dow up 1,162 to close back near 26,000. For the week the Dow jumped 1,162 pts or 4.68%, the S&P rose 120 pts or 4.39%, while the NASDAQ added 290 pts or 3.90%. New May jobs came in below expectations at 75,000 while unemployment held at 3.6%. Yields on Treasuries fell as futures markets priced in rate cuts. Fed meets in 11 days to discuss. 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