Stocks rose Friday despite the worst jobs report on record; the Labor Department reported the nation lost 20.5 million jobs in April. However, investors were encouraged by plans to begin reopening the country and a statement from Chinese and U.S. leaders saying they expected to meet their obligations in the phase one trade deal signed in January. For the week, the Dow rose 2.67 percent to close at 24,331.32. The S&P gained 3.57 percent to finish at 2,929.80, and the NASDAQ climbed 6.05 percent to end at 9,121.32.
Every day throughout America, parents, adult children, and spouses selflessly care for loved ones afflicted with illnesses, disabilities, traumatic injuries, or the effects of aging. According to a study by the National Alliance for Caregiving and AARP, approximately 43.5 million caregivers provided unpaid care to an adult or child over the previous year. About 34.2 […]
With just some basic preparation, you and your financial planner could have your retirement fund trained to overcome obstacles with the grace of a champion pedigree.
To say we all have a lot on our minds these days is a massive understatement. Unfortunately, bad actors and scammers know we are preoccupied. And, as they often do in a crisis, they’re ramping up their nefarious activities. There has been an increase in email and text message phishing, social media posts, and fake websites designed to steal information and distribute malware. Here are some steps to head the bad guys off at the pass.
Market volatility, especially dramatic sell-offs, are unsettling to most of us. Here are a few reassuring facts to help you keep a positive perspective and some precautions that may reduce your risks.
Stocks closed higher on the final trading day before the holiday weekend. Investors appeared to dismiss jobless numbers and focus on the Federal Reserve’s announcement of new measures to provide $2.3 trillion in additional aid to local governments and businesses crushed by widespread closures.
We know markets will cycle – we just don’t know when. Having professional advice and an investment plan can keep emotions in check when panic and confusion threaten.
The three major indexes dropped on Friday and also ended the week lower. Concern over the economic impact of the coronavirus and data indicating U.S. business activity slowed last month led investors to move to safe-haven assets like gold and Treasuries. For the week, the Dow fell 1.36 percent to close at 28,992.41. The S&P lost 1.22 percent to finish at 3,337.75, and the NASDAQ dropped 1.55 percent to end the week at 9,576.59.
A trust is a valuable tool that can protect your estate long after you’re gone, but it’s critical to choose the right trustee to carry out the plans outlined in the trust.
For many people, the first choice to take on this important responsibility is a trusted relative or friend, who has the best understanding of family dynamics and, in most cases, won’t charge a fee. They should have a basic understanding of investing and be financially responsible themselves.
Despite January’s stronger-than-expected U.S. jobs report, stocks fell Friday amid concern over the impact the coronavirus will have on China’s economy. However, stocks still notched strong weekly gains. For the week, the Dow rose 3.06 percent to close at 29,102.51. The S&P gained 3.21 percent to finish at 3,327.71, and the NASDAQ climbed 4.04 percent to end the week at 9,520.51.