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

 

UP Week, Major Indexes @ All-Time Record Highs, 224k New June Jobs, 3.1% Wage Growth
for Week Ending 7/5/2019

 

Markets rebounded this week with all major indexes hitting all-time record highs, plus a strong new jobs report for June @ 224,000. For the week the Dow added 392 pts or 1.47%, the S&P rose 48 pts or 1.65%, while the NASDAQ climbed 155 pts or 1.94%. Wage growth was 3.1% year over year. Unemployment ticked up to 3.7% but is still near 50-year lows. Some investors now worried good jobs report takes pressure off Fed to cut rates. 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