Economy & Markets
The important economic and stock market news that advisors need to know.
Stocks Sink as Economic Jitters Fuel Rush to Bonds
By Rita NazarethThe S&P 500 dropped 2%. The Nasdaq 100 sank 3%. The Russell 2000 of small caps tumbled 3.5%.
July 31, 2024
8 Ways the Advice and Investing Worlds Are Changing NowTCW CEO Katie Koch and Hightower CEO Bob Oros point to rising client expectations and RIA growth, for instance.
July 31, 2024
Stocks Rally as Powell Fuels Bets on September CutThe S&P 500 climbed 2%. Treasury 10-year yields declined four basis points to 4.1%. The dollar fell.
July 31, 2024
Fed Holds Rates Steady, Signals First Cut Is NearerThe Federal Open Market Committee voted unanimously to keep the federal funds rate between 5.25% and 5.5%.
July 31, 2024
BlackRock Leads Big Firms Racing to Put Private Assets Into ETFsThere are many hurdles to overcome before real estate and pre-public companies can be used in an ETF wrapper.
July 31, 2024
The 12 Worst States for an Affordable Retirement: 2024Factors that influenced the ratings include the cost of living, well-being, health care, crime and the weather, says Bankrate.
July 31, 2024
Market Sees Rate Cuts As a Sure Thing: Peter MalloukThe market expects a rate cut to come in September, the leader of RIA Creative Planning says.
July 30, 2024
Jeremy Siegel: New Stock Winners Starting to EmergeLower interest rates could fuel value stocks, the economist suggested, while growth stocks stay short of peaks.