Market Commentary

Market Commentary

Market CommentaryFor the week of June 29, 2020 The MarketsStocks dropped sharply Friday as several states reversed some reopening plans after coronavirus cases rose. Bank stocks fell after the Federal Reserve limited dividend payments and barred share repurchases for the third quarter. For the week, the Dow fell 3.31 percent to close at 25,015.55. The S&P lost 2.86 percent to finish at 3,009.05, and the NASDAQ dropped 1.90 percent to end the week at 9,757.22.  Returns Thro
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Market Commentary

Market CommentaryFor the week of June 22, 2020 The MarketsStocks were up and down Friday as investors digested news of virus resurgences in pockets around the globe. At the close, the NASDAQ was up slightly, while the Dow and S&P were down. All three major indexes made gains for the week; the S&P achieved its fourth positive week in five. For the week, the Dow rose 1.07 percent to close at 25,871.46. The S&P gained 1.88 percent to finish at 3,097.74, and the NASDAQ climbed 3.74
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Market Commentary

Market CommentaryFor the week of June 15, 2020 The MarketsIt was a choppy week on Wall Street amid fears of a second wave of coronavirus infections as states reopen and crowded protests continue. Stocks saw their worst sell-off since March on Thursday after Fed Chair Jerome Powell warned of possible long-term joblessness, but stocks rose Friday. For the week, the Dow fell 5.51 percent to close at 25,605.54. The S&P lost 4.73 percent to finish at 3,041.31, and the NASDAQ dropped 2.27 per
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Market Commentary

Market CommentaryFor the week of June 8, 2020 The MarketsStocks rose sharply Friday after the Labor Department reported the U.S. economy added 2.5 million jobs in May and unemployment dropped to 13.3 percent – compared to an expected surge to 19.8 percent. Airline stocks jumped as the industry added more flights. For the week, the Dow rose 6.85 percent to close at 27,110.98. The S&P gained 4.96 percent to finish at 3,193.93, and the NASDAQ climbed 3.44 percent to end the week at 9
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IRA and Retirement Plan Limits for 2020

      Todd Terhorst – President, Founder Pete Zvanovec – VP, Client Planning todd@diversifiedwealthmanagement.com pete@diversifiedwealthmanagement.com   612-435-0035 – Todd 612-435-0044 – Pete 4501 Minnetonka Blvd. Ste. 200 St. Louis Park, MN 55416   IRA and Retirement Plan Limits for 2020 IRA contribution limits The maximum amount you can contribute to a traditional IRA or a Roth IRA in 2020 is $6,000 (or 100% of your earned income, if les
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Check the background of this financial professional on FINRA's BrokerCheck