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

 

Mixed Week, Nasdaq UP, Dow + S&P Down, 50-Year Low US Unemployment at 3.5% , 136k New Sept. Jobs
for Week Ending 10/4/2019

 

Friday's rally couldn't make up for midweek losses as the Dow & S&P 500 fell for a 3rd week while the Nasdaq posted a gain. For the week the Dow lost 246 pts or -0.92%, the S&P fell just 10 pts or -0.36%, while the NASDAQ rose 42 pts or 0.54%. Labor Dept reported 136,000 new jobs in Sept while the US unemployment rate hit a 50-year low dropping to 3.5%. Investors are still expecting another interest rate cut later this month. Have a good weekend! Ed

 



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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