Despite getting off to a good start, stocks wavered throughout much of last week, ultimately closing lower. Each of the benchmark indexes lost ground, with the S&P 500 finishing the week lower for the fifth time in the last six weeks after reaching record highs in mid-February. Several negative factors weighed on investors, including hotter-than-expected […]
Read MoreMonth: March 2025
Tariff Turmoil or Economic Signal? The Makings of a Stock Market Correction
On March 13, 2025, the S&P 500 Index landed in correction territory after a swift three-week drop of more than 10% from its February 19 record high. The NASDAQ index suffered an official correction a week earlier, having fallen over several months from its most recent peak in December 2024.1 President Trump’s rapid, on-and-off implementation […]
Read MoreThe Markets (as of market close March 21, 2025)
Wall Street saw a weekly gain for the for the first time in four weeks. Fed forecasts of two more interest rate cuts this year (see below) helped renew investor confidence. Each of the benchmark indexes closed higher last week, led by the Dow, which gained over 1.0%. All 11 of the S&P market sectors […]
Read MoreScammers Are Getting Smarter – Here’s How to Stay One Step Ahead
Scammers are using all kinds of tricks to steal your money or personal information. They might pretend to be a government official, a friend in trouble, or even offer you a fake job – but their goal is always the same. Knowing the warning signs can help you and your loved ones from falling victim. […]
Read MoreThe Markets (as of market close March 14, 2025)
Wall Street saw momentum ebb and flow throughout last week, with stocks ultimately closing lower for the fourth week in a row. Investors were influenced by growing uncertainty over inflation and tariffs. Despite a strong close to the week, the overall decline in equities has been notable. In less than a month, the benchmark indexes […]
Read MoreFederal Income Tax Returns Due for Most Individuals
The federal income tax filing deadline for individuals is generally Tuesday, April 15, 2025. However, the IRS has postponed the deadline to file federal income tax returns and make tax payments for certain disaster-area taxpayers. The current list of eligible localities and other details for each disaster are always available on the Tax Relief in Disaster […]
Read MoreThe Markets (as of market close March 7, 2025)
Stocks suffered through their worst week since September, with each of the benchmark indexes listed here falling more than 2.3% with the exception of the Global Dow, which gained less than 1.0%. Investors faced trade tensions, policy uncertainty, and a slightly weaker-than-expected jobs report. Each of the market sectors declined last week, with the exception […]
Read MoreTariffs: How They Work and Potential Economic Effects
On February 1, 2025, President Trump authorized an additional 25% tariff on all goods entering the United States from Canada and Mexico (except for a lower 10% tariff on energy resources from Canada) and an additional 10% tariff on all goods from China. Nine days later, Trump authorized a 25% tariff on steel and aluminum, […]
Read MoreThe Markets (as of market close February 28, 2025)
The markets experienced a volatile week, ultimately closing mostly lower. Among the indexes listed here, only the Dow managed to eke out a weekly gain. The week ended with stocks posting gains, despite a tense meeting between President Trump and Ukrainian President Zelenskyy. Investors wrestled with the uncertain economic impact of President Trump’s proposed tariffs, […]
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