Helpful miscellaneous articles
regarding our retirement plan and planning.
Like you, I review my retirement nestegg and plan from time to
time. Recently, I went though some
continued education for some credentials I maintain and it occurred to me that
we all could use a review about these issues.
So with your help, we will share and post articles and info that may be
helpful and of interest to many of you in this section.
Stock
market today: Dow, S&P 500, Nasdaq surge to records as tame inflation
cements Fed rate cut bets
US stocks surged to record highs on Friday as investors digested
a crucial inflation report that helped cement expectations for the
Federal Reserve’s next policy moves.
The Dow Jones Industrial Average (^DJI)
rose 1%, or over 450 points. The S&P 500 (^GSPC)
gained 0.8%, while the Nasdaq Composite (^IXIC)
jumped 1.2%.
Dow Jones Industrial Average (^DJI) 47,207.12 +472.51 +(1.01%) At close: 4:55:01 PM EDT
|
Date |
10/24 2:52 PM |
|
Close |
47,272.30 |
|
Open |
47,271.15 |
|
High |
47,273.43 |
|
Low |
47,269.94 |
|
^IXIC |
23,230.98 |
|
^GSPC |
6,802.29 |
1D5D1M6MYTD1Y5YAll
The
September inflation data released on Friday morning came in cooler than expected. The headline Consumer Price Index
rose 3% on an annual basis, the highest level since May but softer than
forecasts for a 3.1% gain. Month-over-month, prices rose 0.3%, a slight cooling
from August's reading and also below expectations.
The report
was delayed by more than a week due to the ongoing government shutdown, and was
the first major economic release since the closure began, giving investors a
long-awaited pulse check on the economy.
The CPI data
did little to shake the near-unanimous investor confidence in a coming rate cut
from the Fed next week — and more beyond that. Around 99% of bets are on a quarter-point cut next
week, while some 96% of traders expect another slash in December.
Meanwhile,
President Trump injected fresh uncertainty into trade negotiations with key US
partners, announcing Friday he would cancel trade
talks with Canada. Trump cited a Canadian advertisement against his signature
tariffs plan which features the voice of former President Ronald Reagan.
In corporates,
Intel (INTC) shares pared significant gains
after the chip giant reported third-quarter revenue that topped Wall Street
estimates.
"We believe we're well-positioned to play a more significant role in AI," Intel's head of investor relations John Pitzer said in an interview with Yahoo Finance.
(As with any of these informative articles, anyone who needs someone to talk to about
this
very subject contact me and I can direct you to a knowledgeable advisor).
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