Tech stocks continued their slide, helping weigh down the tech-heavy Nasdaq, while industrial production was disappointing in May.
To investors, stocks may look pricey, leaving them wondering where in the world is value? Dr. Brian Jacobsen explains reasons why stocks are priced as they are and where to look for potential value.
Dr. Brian Jacobsen provides reaction to the Fed’s recent action and ideas for investors.
Stocks ended mixed after the Federal Reserve announced it raised interest rates, and has one more hike planned in 2017.
The Federal Reserve’s (Fed’s) policymaking body, the Federal Open Market Committee (FOMC), met the market’s expectations and delivered another interest rate hike in its target range for the federal funds rate.
Stocks recovered from their two-session slide, with tech stocks in particular somewhat recovering from their late Friday afternoon selloff.
The Federal Open Market Committee begins two days of policy-setting meetings tomorrow and U.S. stocks fell today with extended declines in the information technology sector.
More than 4 in 10 investors (43%) who have a written financial plan for retirement say they are “highly confident” they’ll have enough saved to maintain their lifestyle, according to the Wells Fargo Gallup Investor and Retirement Optimism Index.
Closing out a busy week, U.S. stocks declined from record highs during Friday’s trading session with the S&P 500 and Nasdaq reversing to losses for the day, which analysts attributed to profit-taking in the information technology sector.