Just one week after surging to their best weekly gain in years, U.S. stocks gave almost all of it back last week, suffering their worst loss since March. It was a curious week to say the least. After receiving some reassuringly dovish commentary from the Fed the week before, stocks were poised to rally further on word from Buenos Aires of a cease fire on the trade front with China. And it came. But the rally faded quickly, lasting only through Monday, after which stocks turned sharply lower. The S&P 500 lost 4.6 percent on the week, leaving it lower on the year by 1.5 percent and back in correction territory from its high on September 20.
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Thousands of Ameriprise Financial Volunteers Work to Help End Hunger at Nonprofits Across the Country
Minneapolis – Nov. 8, 2018 – Tomorrow, thousands of volunteers from Ameriprise Financial (NYSE: AMP) will lend a hand at food banks, pantries and warehouses across the country to help the 40 million Americans facing hunger. More than 7,600 Ameriprise employees, financial advisors and clients will serve meals, sort donations and stack shelves at 400 events nationwide. This effort will help provide more than 1 million meals for people in need ahead of the holiday season.
The midterm election has produced a divided government, as the Democratic party won back control of the House of Representatives, while Republicans retained control of the Senate. The next two years in Washington promise to be quite different from the past two.
Read more here: What do the Midterm Results Mean for Markets?
Read more here: Ameriprise Financial Reports Third Quarter 2018 Results