Money Talks – September 26, 2015

This week on “Money Talks,” hosts Jennifer Thomas, CFP®, Scott Keller, CFA, and Troy Harmon, CFA, CVA discuss the week’s market action, the Fed’s news that affected the market, and earnings from AutoZone, Carnival Corp., and Darden Restaurants. The hosts also discuss Volkswagen’s scandal of circumventing emissions tests with their clean diesel engines. They answer listeners’ questions on casino operator Pinnacle Entertainment, health care company Centene Corp. and small-cap technology company NIC, Inc. The experts also delve into a case study on using a 401(k) rollover as a business startup.

Market Roundup: Down Week on Global and Biotechnology Data

The week began just slightly up after last Friday’s red session. While the broader market experienced gains, the overall results were tempered with a tumble in Biotechnology stocks following criticism from Hilary Clinton and the New York Times. Global stocks fell the next day, dragged down by shares of miners and other raw materials producers. Biotechnology drug makers suffered another day of criticism, resulting in their stock prices declining. Stock prices in Europe fell on news that Volkswagen’s clean diesel engines produce more emissions than U.S. and European standards allow. U.S. stock markets continued to lag mid-week with crude oil falling to $44.48 a barrel. Down trading sessions on Thursday and Friday cumulated the week’s red results. Labor Department data showed new jobless claims climbed by 3,000 to 267,000.