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

 

Down Week, Jobless Claims Rise to 216k, Fed Signals 1/4 Point Rate Cut @ July 30th Meeting
for Week Ending 7/19/2019

 

US markets pulled back slightly this week after 2 weeks of all-time record highs. For the week the Dow lost 177 pts or -0.65%, the S&P fell 31 pts or -1.06%, while the NASDAQ slid 97 pts or -1.18%. The Fed signaled this week they were ready to cut interest rates by a quarter percentage point at the July 30th meeting. Jobless claims rose to 216,000 as expected for the week ended July 13th, according to DOL figures. 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