Market Roundup: Despite Economic Reports, Markets Rallied to Post Gains for the Week

The U.S. markets began the week closing well into red territory on Monday. Technology stocks traded lower on a variety of economic data. Personal Income grew by 0.3% in August, missing expectations of a 0.6% advance. August’s personal income was also down from an upwardly revised 0.5% jump in July, while real spending ticked up 0.4% last month, bettering July’s rate. U.S. pending home sales also retreated in August. Consumer confidence improved in September with the Conference Board’s consumer sentiment index’s final reading coming in at 103, up from 101.3 in August. Indices closed Wednesday’s session on a positive note, as Technology stocks rallied. The ISM Manufacturing Index dipped to 50.2 last month from 51.1 in August. Indices ended the week on a positive note, with Energy stocks leading the rally. Labor Department data showed an addition of 142,000 jobs in September; however, the results were well shy of an expected 200,000 jobs. The unemployment rate held tight at 5.1%.

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.

Money Talks – September 19, 2015

This week on “Money Talks,” Matt Hames, CTFA and Troy Harmon, CFA, CVA are joined by Managing Associate Ben Crowe, CFP®, CFA, C.P.A. to discuss the market’s reaction to the Fed’s announcement that they will not increase interest rates, citing risks from abroad, downward pressure on inflation and weak commodities prices. The rate has been held between 0% and 0.25% since December 2008. They experts also discuss a case study that demonstrates how borrowing from your 401(k) may make sense in certain circumstances. Matt, Troy and Ben also answer questions on steel producers, truck manufacturers, Healthcare leader Johnson & Johnson and insurance holding company Federated National Holding Co.