How the Trump vs. Un showdown affects your retirement investments.
Every day when the stock market closes we update our clients and subscribers about the important or interesting things that moved the stock market and your retirement investments. We leave the opinion out…mostly. Our goal is to educate briefly on what moved the stock markets, what may be coming up, and how your investments, or retirement portfolio may have been impacted by the day’s news.
Here’s a look at what investors were focused on today.
The markets were in full “Wait and see” mode as the Trump meeting with North Korean leader Kim Jong Un is just hours away in Singapore. All eyes are on this meeting which helped take away some of the drama from the G-7 meeting. The Dow 30 was higher by 9, the S&P 500 closed up 3, and the Nasdaq 100 finished higher by 13.
Interest rates crept higher today as the Federal Reserve meeting staring tomorrow is expected to result in a quarter point increase in rates. They are expected to tout the strong economic numbers like the recent jobs numbers as reason to continue on their path of “normalizing.”
Southwest Airlines (NYSE: LUV) shares popped 1.2% today, trying to recover from it’s year long decline. An article from Barrons stated that the stock was due to make a comeback following the incident back in April where an engine blowout caused a passenger to lose their life. Though shares were higher on the day to start, technical traders noted how they closed well off their highs.
Shares of United Airlines are higher today thanks to a technical breakout. The company also got some media attention for their new helicopter service from Newark to Manhattan for a measly $2000. To compliment their local marketing to get customers to travel from Newark rather than JFK the company is even offering a car service to the terminal. Shares have mostly traded sideways since March.
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Business Affairs 📧Carolyn@JazzWealth.com