Weekly Update: July 15, 2019-S&P 500 Tops 3,000





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Featured Article: S&P 500 Tops 3,000


Economic Calendar


Recipe of the Week: Strawberry & Barley Summer Salad


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


S&P 500 Tops 3,000

The Week on Wall Street
Friday, the S&P 500 settled above 3,000 for the first time, after rising 0.78% for the week. The Dow Jones Industrial Average chalked up a milestone of its own: the blue chips ended the week above 27,000, gaining 1.52% on the way. Additionally, the Nasdaq Composite wrapped up the week 1.01% higher. The MSCI EAFE index, a gauge of overseas developed markets, fell 0.65%.

Stocks rallied at midweek with help from Federal Reserve Chairman Jerome Powell’s congressional testimony on monetary policy, plus the latest Fed meeting minutes.

Jerome Powell’s Statements
Wednesday, Chairman Powell told Capitol Hill lawmakers that “uncertainties around global growth and trade continue to weigh on the outlook” of the Federal Open Market Committee. He also noted that “manufacturing, trade, and investment are…

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Weekly Update: July 8, 2019-Quarterly Report





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Featured Article: Quarterly Report


Economic Calendar


Recipe of the Week: Chipotle-Maple Chicken Thighs


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Quarterly Report

U.S. stock benchmarks opened a new quarter positively. The S&P 500 gained 1.65% in the opening week of July; the Dow Jones Industrial Average, 1.21%; the Nasdaq Composite, 1.94%. Overseas, stocks in developed markets, tracked by MSCI’s EAFE index, rose 1.43%.

On July 3, the S&P posted its latest record close: 2,995.82. In other news, the Department of Labor said that the economy added 224,000 net new jobs in June, far more than the 160,000 projected by analysts in a Bloomberg poll.

The headline jobless rate ticked up 0.1% to 3.7% in June; the U-6 rate, including the underemployed, also rose 0.1% to 7.2%. Finally, the Office of the U.S. Trade Representative said that the federal government plans to levy new tariffs on $4 billion of food and beverages coming from the European Union.

Monday, July 15 will mark the start of the next earnings season. Money-center banks report first, followed by companies from a variety of industries. As Wall Street gets ready for their results, we will take a moment to…

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Weekly Update: July 1, 2019-Down Week Ends Strong Month





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Featured Article: Down Week Ends Strong Month


Economic Calendar


Recipe of the Week: American Flag Cheesecake


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Down Week Ends Strong Month

A month of gains for stocks ended with a weekly retreat. The S&P 500 lost 0.30%; the Nasdaq Composite, 0.32%; the Dow Jones Industrial Average, 0.45%. In contrast, overseas shares, tracked by the MSCI EAFE index, advanced 0.14%.

Last month was the best June for the blue chips since 1938; the best month for the S&P, since 1955. The Dow gained 6.9% in June, the S&P 6.2%.

Trade Talks Could Soon Restart
All week, investors had one eye on Saturday’s Group of 20 summit in Japan, where President Trump and Chinese President Xi Jinping were slated to meet.

This weekend, President Trump announced that he and President Xi had agreed to a resumption of trade talks between the U.S. and China. As part of that agreement, the U.S. is…

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Weekly Update: June 24, 2019-Stocks Touch Record High





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Featured Article: Stocks Touch Record High


Economic Calendar


Recipe of the Week: Tijuana Street Corn (Elote)


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Stocks Touch Record High

The Week on Wall Street
The S&P 500 hit an all-time peak of 2,964.03, in intraday trading Friday, while improving 2.20% across five market days. The Dow Jones Industrial Average and Nasdaq Composite posted respective, 5-day advances of 2.41% and 3.01%.

In addition, the MSCI EAFE benchmark of overseas stocks rose 2.58%. A White House tweet and the latest monetary policy outlook from the Federal Reserve sent the bulls running. These were the top two financial news items in an eventful week – a week in which the value of West Texas Intermediate crude rose 9.4%

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Weekly Update: June 17, 2019-Further June Gains





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Featured Article: Further June Gains


Economic Calendar


Recipe of the Week: Veg-Out Salad


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Further June Gains

The Week on Wall Street
Stocks advanced for a second straight week. The S&P 500 benchmark rose 0.47%; the Nasdaq Composite, 0.70%; the Dow Jones Industrial Average, 0.41%. Overseas shares, as tracked by the MSCI EAFE developed markets index, added 0.20%.

The market seemed to put its recent preoccupation with trade issues aside, with attention shifting to this week’s Federal Reserve monetary policy meeting. Traders in futures markets now believe the Fed will make a rate cut in July, so its June policy statement will be of great interest.

Oil Prices Rollercoaster
Attacks on vessels in the Strait of Hormuz, the busy oil shipping channel…

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Big Gains for the Major Indices



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Featured Article: May Ends with a Retreat


Economic Calendar


Recipe of the Week: East Coast Crab Cakes


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Big Gains for the Major Indices

The Week on Wall Street
Stocks rallied during a week in which Wall Street was buffeted by headlines. The S&P 500 rose 4.41%. The Nasdaq Composite and Dow Jones Industrial Average respectively added 3.88% and.

Following a mixed Monday, the market jumped Tuesday after dovish remarks from Federal Reserve Chairman Jerome Powell. Breaking out of a 6-week losing streak, the Dow had its best week since, >

Speaking at the Federal Reserve Bank of Chicago, the Fed chair stated that central bank officials “will act as appropriate to sustain the expansion” of the economy in the.…

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May Ends with a Retreat



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Featured Article: May Ends with a Retreat


Economic Calendar


Recipe of the Week: Hot Ramen Bowl


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


May Ends with a Retreat

The Week on Wall Street
Stocks struggled during a 4-day market week as the U.S.-China trade standoff continued to weigh on the minds of market participants.

From the Friday, May 24 close to the Friday, May 31 close, the S&P 500 retreated 2.62%; the Nasdaq Composite, 2.41%; the Dow Jones Industrial Average, 3.01%. The MSCI EAFE index of overseas stocks dipped just 1.47% in a week. , >

Trade is dominating the conversation in the financial markets, with developments steadily unfolding. Wednesday, China’s state.…

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“Wormable” Microsoft flaw: What you need to do

Welcome to your May Savvy Cybersecurity newsletter. A lot happened in the cyber security world this month. Read on to learn more about:

  • Why Microsoft users need to update their devices immediately
  • A scam targeting businesses that has nearly doubled in the last year
  • Why hospitals are growing more concerned about connected devices
  • And much more

”Wormable” Microsoft Flaw: What you need to do

Microsoft has announced a major security flaw in its Windows software that rivals the WannaCry worm that infected thousands of devices in 2017. Microsoft warns that this vulnerability is especially dangerous because it requires no user interaction. In other words, once one device is infected it can quickly spread to another vulnerable computer on its own.

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Trade Tensions Linger



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Featured Article: Trade Tensions Linger


Economic Calendar


Recipe of the Week: “Ice Cream Truck” Ice Cream Sandwich


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Trade Tensions Linger

The Week on Wall Street
Stocks drifted lower last week as investors considered the possibility that the world’s two largest economies might take some time to resolve key trade issues.

The S&P 500 retreated 1.17%; the Nasdaq Composite, 2.29%; the Dow Jones Industrial Average, 0.69%. The concern over trade was felt elsewhere: the overseas developed markets benchmark, the MSCI EAFE, also lost 1.41% in five sessionsp>

A compromise on tariffs between the U.S. and China did not seem forthcoming last week. Negotiations appeared stalled.…

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Trade News Moves the Market



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Featured Article: Trade News Moves the Market


Economic Calendar


Recipe of the Week: Red and White Roasted Potatoes


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Higher Tariffs Take Effects

The Week on Wall Street
Stocks fell sharply at the start of last week over trade tensions, then recovered with help from strong earnings and indications that U.S.-China trade talks would continue. Even so, the major indices had a down week..

At midweek, Secretary of the Treasury Steven Mnuchin told reporters that he expected the U.S. to …

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