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

 

Down Week, Fed Cuts Rates 1/4 Pt & No Recession Forecast, More China Trade Talks, Jobless Claims 208k
for Week Ending 9/20/2019

 

Markets fell slightly as the Fed cut interest rates 0.25% this week and did not forecast a coming recession. For the week the Dow lost 284 pts or -1.05%, the S&P fell 15 pts or -0.51%, while the NASDAQ slid 59 pts or -0.72%. Initial jobless claims for the week ending 9/12 rose slightly to 208,000 vs a 213k forecast. China trade talks resumed but were cut short. Today was 'quadruple witching day' & the S&P 500 was rebalanced. 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