While the daily numbers show the week started and ended in the red, the overall direction for the markets was up. Monday’s red results were likely caused by a slip in West Texas Intermediate crude, as the slip affected several of the big energy companies. In economic news, durable goods orders increased in June, exceeding expectations. On Tuesday, energy stocks rebounded because of a jump in crude oil. Oil prices still dominated the headlines Wednesday, as crude oil added 1.7% to settle at $48.79 a barrel following a decline in crude oil inventories. Comments from the Federal Reserve’s two-day meeting offered no grand revelations on whether they will lift interest rates at the upcoming meeting in September. However, the Fed kept its stance that the U.S. economy and job market are continuing to improve. Indices closed out mixed on Thursday with disappointing earnings news from Procter & Gamble. Friday’s session ended in red territory as Energy stocks Exxon Mobil and Chevron traded lower following the release of less-than-stellar earnings details. The markets also likely reacted to The University of Michigan’s consumer sentiment index, which fell to a reading of 93.1, down from 96.1 in June. Economists had expected a lesser dip to a reading of 94.
The “Money Talks” experts address a listener’s question on the strategy of rolling IRA funds into a 401(k) to avoid required minimum distributions if you are approaching 70 ½ and still working. They also cover stock questions on pharmaceutical companies Akorn, Inc., and AMAG Pharmaceuticals, and electronics company Sony.
Friday’s session ended in red territory. Energy brands Exxon Mobil and Chevron traded lower following the release of less-than-stellar earnings details. Other energy stocks such as BP, ConocoPhillips, and PetroChina followed suit.
In today’s Marietta Daily Journal: It can be easier for your family if you have plans in place, should you become incapacitated. Read the Article
A family limited partnership can help transfer business assets to younger generations while you retain control. We explain in this week’s Business Tip.
Indices closed out mixed on Thursday. The Dow shed some points while the S&P 500 and Nasdaq tacked on gains. Procter & Gamble dipped 4.01% today after reporting mixed quarterly figures.
A trust helps you to qualify for Medicaid because it can make your income and assets unavailable to you. Read all about it in this week’s Insurance Tip.
Stocks climbed on Wednesday. Energy brands such as PetroChina, Total, Schlumberger, and ConocoPhillips led the way. Crude oil added 1.7% to settle at $48.79 a barrel following a decline in crude oil inventories. Energy Information Administration figures, released today, showed reserves decreased by 4.2 million barrels last week.
If you’ve married over the summer, here are five tax tips that may help you avoid stress at tax time. Learn more in this week’s Tax Tip.
Trading ended in green territory on Tuesday. United Parcel Service added five percent and Pfizer tacked on three percent today following the release of better-than-expected quarterly data. Brands rebounded from the recent downswing on a jump in crude oil.