| Sponsored message from Vanguard | Vanguard TDFs-Well-designed in any weather | A look at how Vanguard(r) Target Retirement Funds are designed to help investors endure both good markets and bad.Read more > | | Economic Events | Total nonfarm payroll employment increased by 312,000 in December, and the unemployment rate rose to 3.9%, the Bureau of Labor Statistics reported. Job gains occurred in health care, food services and drinking places, construction, manufacturing, and retail trade. THE ECONOMIC WEEK AHEAD: Today, the Census Bureau will report about factory orders for November. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about wholesale trade for November. Friday, the Bureau of Labor Statistics will reveal the consumer price index for December. Note: Census Bureau reports could be delayed by the government shutdown. | | Market Mirror | Friday, the Dow soared 746.94 points (3.29%) to reach 23,433.16, the NASDAQ jumped by 275.35 points (4.26%) to 6,738.86, and the S&P 500 climbed 84.05 points (3.43%) to 2,531.94. The Russell 2000 was up by 49.92 points (3.75%) to reach 1,380.75, and the Wilshire 5000 climbed by 880.29 points (3.49%) to reach 26,080.80. The price of the 10-year Treasury note declined 32/32, raising its yield to 2.667%. The price of the 30-year Treasury bond declined 1 19/32, boosting its yield to 2.979%. WEEK’S WORTH: For the week ended January 4, the Dow was up 1.61%, the S&P 500 was up 1.86%, and the NASDAQ gained 2.34%. The Russell 2000 was up 3.20% and the Wilshire 5000 was up 2.11%. | | Investing | Economists Assess Likelihood of Recession in the Year Ahead | While they expect ongoing stock market frothiness in 2019, leading money managers point to the absence of the typical signs of the end of a business cycle.Read more > | | Small Talk | ON THIS DATE: In 1610, Galileo Galilei sighted four of Jupiter’s moons. He named them Io, Europa, Ganymede, and Callisto. In 1782, the Bank of North America opened in Philadelphia. It was the first commercial bank in the United States. In 1789, Americans voted for the electors that would choose George Washington to be the first U.S. president. In 1894, W.K. Dickson received a patent for motion picture film. In 1927, transatlantic telephone service began between New York and London. In 1949, the announcement of the first photograph of genes was shown at the University of Southern California in Los Angeles. In 1953, President Harry Truman announced the development of the hydrogen bomb. In 1975, OPEC agreed to raise crude oil prices by 10%, which began a time of world economic inflation. In 1996, one of the biggest blizzards in U.S. history hit the eastern states. More than 100 deaths were later blamed on the severe weather. In 1999, President Bill Clinton went on trial before the Senate. It was only the second time in U.S. history that an impeached president had gone to trial. Clinton was later acquitted of perjury and obstruction of justice charges. | SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Have you made New Year’s resolutions for 2019,” “Were you successful in keeping resolutions you made last year, and are you making any financial resolutions this year?” The majority (56.7%) of responding readers have not made New Year’s resolutions for 2019, while 43.3% have. Of those who made New Year’s resolutions in 2018, only 20% said they were successful in keeping them all year, and 80% were not. Among those who made financial resolutions for 2019, 42.9% resolved to save more in general, while 28.6% resolved to save more for retirement and 9.5% to build an emergency savings. Again this year, there were many comments from those who chose to leave them saying New Year’s resolutions were not a good idea or a waste of time. Still, a couple of people shared successes in keeping resolutions, and some shared advice for making changes, without calling them resolutions. Editor’s Choice goes to the reader who said, “My resolution is to be more positive. There is so much negativity in the world today any positive thought or words will help…I hope,” with an honorable mention to the reader who said, “Read NewsDash every day!” A big thank you to all who responded to the survey!Read more > | Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |
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