Economic Update

MARKETS END THE WEEK MIXED TO CAP OFF A REMARKABLE YEAR

Weekly Market Update — January 3, 2020 The U.S. stock markets inched down during the final holiday-shortened week of 2019, ending their recent win streak but still capping off a remarkable year On the week, NASDAQ inched up 0.2% whereas the S&P 500 and the DJIA declined 0.2% and 0.4%, respectively The smaller–cap Russell 2000 …

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TRUMP GETS IMPEACHED, NAFTA 2.0 PASSES & MORE!

TRUMP GETS IMPEACHED, NAFTA 2.0 PASSES, THE HOUSING MARKET STAYS STRONG AND THE MARKETS HIT MORE RECORD HIGHS Twas the week before Christmas and U.S. markets are finishing high, driven by low unemployment, strong housing and real progress with NAFTA 2.0, China and Brexit Despite an impeachment vote in the House of Representatives, the S&P …

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GE FREEZES 20,000 PENSIONS – 100,000 Offered Lump-Sum Buyout

GE Workers on Edge After Pension Freeze November 15th Deadline Looms as Holiday Season Approaches   General Electric Co. said it was freezing its pension plan for about 20,000 U.S. workers and offering pension buyouts to 100,000 former employees, as the conglomerate joins the ranks of U.S. companies phasing out a guaranteed retirement. GE is …

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Thrive Weekly Economic Update – September 30th, 2019

OUR NJ OFFICE IS RELOCATING This week, Thrive\’s Mt. Laurel, NJ office will be relocating to Cherry Hill, NJ! We are very excited and looking forward to the opportunity to continue serving our local communities.   U.S. MARKETS DOWN AS IMPEACHMENT AND CHINA WORRIES DOMINATE THE NEWS The major U.S. stock indices retreated this week, …

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Thrive Weekly Economic Update – September 23rd, 2019

U.S. MARKETS DOWN AS THE FED CUTS RATES, GM STRIKES AND THE WORLD DIGESTS THE ATTACKS ON SAUDI ARABIA U.S. stocks finished slightly lower last week after three consecutive weeks of gains whereas stocks overseas pulled back significantly The DJIA fell 1% and below that 27,000–threshold, whereas the S&P 500 and NASDAQ dropped 0.5% and …

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