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Weekly Economic Update: November 29th, 2021

November 29, 2021 | Comments Off on Weekly Economic Update: November 29th, 2021

Presented by Nicholas Wealth Management November 29th, 2021   Weekly Market Update In this week’s recap: COVID-19 variant clobbers markets. News of a new, highly virulent COVID variant triggered a market sell-off on Friday, sending stocks into negative territory for the week. The Dow Jones Industrial Average slid 1.97%, while the Standard & Poor’s 500…

Weekly Economic Update: November 22nd, 2021

November 22, 2021 | Comments Off on Weekly Economic Update: November 22nd, 2021

Presented by Nicholas Wealth Management November 22nd, 2021   Weekly Market Update In this week’s recap: Markets react to growing COVID-19 infections and potential successor to Powell. Stocks were mixed last week in choppy trading as investors battled the crosscurrents of good economic data and a troubling rise in COVID-19 infections globally. The Dow Jones…

Weekly Economic Update: November 15th, 2021

November 15, 2021 | Comments Off on Weekly Economic Update: November 15th, 2021

Presented by Nicholas Wealth Management November 15th, 2021   Weekly Market Update In this week’s recap: Stocks tap the brakes after signs of higher inflation. Stocks posted small declines last week as investors digested recent stock market gains and unexpectedly high inflation read. The Dow Jones Industrial Average slid 0.63%, while the Standard & Poor’s…

Weekly Economic Update: November 8th, 2021

November 8, 2021 | Comments Off on Weekly Economic Update: November 8th, 2021

Presented by Nicholas Wealth Management November 8th, 2021   Weekly Market Update In this week’s recap: Tapering news, profits, and other encouraging data lifts stocks. A Federal Reserve announcement on tapering, a fresh batch of corporate profits, and encouraging economic data lifted stocks to another weekly gain. The Dow Jones Industrial Average rose 1.42%, while…

Weekly Economic Update: November 2nd, 2021

November 2, 2021 | Comments Off on Weekly Economic Update: November 2nd, 2021

Presented by Nicholas Wealth Management November 2nd, 2021   Weekly Market Update In this week’s recap: Earnings build while GDP slows. A fresh wave of positive corporate earnings surprises sent markets to new record highs last week. The Dow Jones Industrial Average increased 0.40%, while the Standard & Poor’s 500 rose 1.33%. The Nasdaq Composite…

Weekly Economic Update: October 25th, 2021

October 25, 2021 | Comments Off on Weekly Economic Update: October 25th, 2021

Presented by Nicholas Wealth Management October 25th, 2021   Weekly Market Update In this week’s recap: Strong week on Wall Street, despite concerns with inflation, supply chain, and other matters. Stocks rallied last week on a stream of positive corporate earnings surprises. The Dow Jones Industrial Average rose 1.08%, while the Standard & Poor’s 500…

Weekly Economic Update: October 11th, 2021

October 11, 2021 | Comments Off on Weekly Economic Update: October 11th, 2021

Presented by Nicholas Wealth Management October 11th, 2021   Weekly Market Update In this week’s recap: Debt ceiling raised until December; employment numbers paint confusing picture. The overhang of bumping against the federal debt ceiling was lifted last week with an agreement to extend the debt ceiling through early December, helping propel stocks to a…

Weekly Economic Update: October 4th, 2021

October 4, 2021 | Comments Off on Weekly Economic Update: October 4th, 2021

Presented by Nicholas Wealth Management October 4th, 2021   Weekly Market Update In this week’s recap: Stalemate in the Capitol; Powell says inflation may stay longer than expected. Higher bond yields and a legislative stalemate in Washington, D.C., added up to losses for the week. The Dow Jones Industrial Average declined 1.36%, while the Standard…

Weekly Economic Update: September 27th, 2021

September 27, 2021 | Comments Off on Weekly Economic Update: September 27th, 2021

Presented by Nicholas Wealth Management September 27th, 2021   Weekly Market Update In this week’s recap: Financial contagion concerns and a positive word from the Fed bookend a wild week. Stocks prices were whipsawed last week, dragged initially lower by financial contagion worries and later lifted by a supportive Fed policy statement. The Dow Jones…

Could Custodial IRAs Help Young Adults Buy Homes?

September 21, 2021 | Comments Off on Could Custodial IRAs Help Young Adults Buy Homes?

Presented by Nicholas Wealth Management September 20th, 2021   Some parents and grandparents have that possibility in mind. Absolutely. Is that their only purpose? Not necessarily. This would obviously be a tall order for an adult, given current home values, yearly IRA contribution limits, and the priority of amassing retirement savings. How about for a…

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