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

 

2nd Down Week, Jobless Claims Rise to 213,000, Consumer Dept said U.S. Spending Up 0.1% in August
for Week Ending 9/27/2019

 

Markets fell slightly for a 2nd week as initial jobless claims, albeit still historically low, rose 5k to 213k. For the week the Dow lost 114 pts or -0.43%, the S&P fell 30 pts or -1.01%, while the NASDAQ slid 178 pts or -2.19%. Nasdaq stocks with China ties fell Friday as more talk of limiting US exposure hit the index the hardest. The Commerce Dept reported consumer spending rose 0.1% in August along with big-ticket manufactured goods. 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