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

 

Up Week, More Records, Jobless Claims 206k, Q2 GDP 2.1% Beats Expectations, Fed Meets 7/30
for Week Ending 7/26/2019

 

Major indexes were back up this week as the S&P & Nasdaq both posted record highs. For the week the Dow added 38 pts or 0.14%, the S&P rose 45 pts or 1.51, while the NASDAQ jumped 183 pts or 2.26%. Jobless claims fell to 206,000 for week ending July 20th. Second quarter GDP fell from 3.1% in Q1 to 2.1% but beat expectations, driven by more consumer & federal spending. Markets still expecting a Fed rate cut next week. Have a good weekend! Ed

 



If you have comments or questions on the information in these articles,
as usual feel free to call our offices.



.

 

 


 

"Like" us on our New Facebook FAN Page

 

Hi everyone!!  We've just created a business/fan page for our business.

 

If you want updates on tax or related subjects, click on this link and LIKE our page.
 

We'll post new relevant information on investments, retirement & financial planning that you can read and comment on.

 

Thank you in advance for "Liking" us!

 

 


 

As always you can call our offices if you have any questions about these or any other investment, retirement, financial planning issues, at 704-552-8689. 

 

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