Stocks added slight gains on Wednesday. Energy brands such as Exxon Mobil, Royal Dutch Shell, and Chevron led the advance amid a jump in crude oil. West Texas Intermediate crude tacked on 5.7% to settle at $47.15 a barrel.
As a business owner, do you offer employees a health reimbursement plan? Beware of what this option may cost you. We explain in this week’s Tax Tip.
Stocks rallied on Tuesday. Oil brands such as Exxon Mobil, PetroChina, and Royal Dutch Shell stepped up ahead of the kick off of a two-day FOMC meeting.
Knowing the difference between nominal and real return may help you make decisions when investing your money. Learn more in this week’s Financial Tip.
Indices traded into red territory on Monday. Energy brands such as Exxon Mobil, Schlumberger and ConocoPhillips led the way down alongside a dip in crude oil. West Texas Intermediate crude shed 1.4% to settle at $44 a barrel.
This week on “Money Talks,” Managing Associate Charlie Holloway, CFP®, CDFA™, joins Matt Hames, CTFA and Troy Harmon, CFA, CVA, to discuss year-to-date sector performance, small business optimism, the July Job Openings and Labor Turnover Survey and wholesale trade figures. The hosts also delve into a strategy that enables an investor to access retirement funds before age 59 ½ by using the five-year rule for Roth IRA conversions. The hosts also answer listeners’ questions on the Henssler investment criteria, digital transactions between companies, banks and governments, Crown Castle International, Nestlé S.A., and Hershey Co.
Our experts discuss a case study on how investors can take advantage of the five-year rule on Roth conversions to access retirement funds before age 59 ½ and avoid an early withdrawal penalty.
The holiday-shortened week ended with the three major indices all closing above 2%. Tuesday stocks rallied for their biggest one-day gain in two weeks. The surge was the largest percentage and point gain since Aug. 26, when stocks roared back from a selloff caused by unease about slowing growth in China, the world’s second-biggest economy. Tuesday’s gains were knocked back by Wednesday’s decline. The Dow Jones Industrial Average declined 1.4%, despite rising nearly 172 points earlier in the day, following sharp gains in Asia and Europe after China’s finance ministry signaled that fiscal stimulus was on the way. Thursday’s action pushed nine of the ten S&P 500 sectors into positive territory with only Utilities lagging. Indices closed in the green zone on Friday, with Technology and Healthcare leading the day. The Producer Price Index held up better than expected in August as it was unchanged. Additionally, the University of Michigan consumer confidence index for September lost 6.2 points to 85.7. The September reading is well below the consensus estimate of 91.5 and is the third consecutive monthly decline, putting it at its lowest this year. Meanwhile, crude oil shed $1.29 to settle at $44.63 a barrel.
The “Money Talks” experts discuss the Henssler investment criteria a stock must meet to be considered for purchase, and answer listeners’ questions on how digital transactions work and real estate trust company Crown Castle International. They also explain how to invest in Swiss holding company Nestlé, and if The Hershey Co. is a worthwhile holding for a child’s investment portfolio.
Indices closed in the green zone on Friday. Technology and health-care brands led the day. Companies such as Gilead Sciences, UnitedHealth Group and Apple tacked on gains.