As anticipated, President Donald Trump signed the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act into law this past Friday, March 27th.
Less than a month ago markets were at a record high, as healthy data on the US economy signaled continued growth on the horizon. Then, as Coronavirus made its way to continental Europe and the United States, markets went into a tailspin, suffering one of the fastest declines on record.
What's inside this month's edition?
-How to Reduce Your Tax Bill by Saving for Retirement
-Did You Know? Facts & Statistics
-What's Your Life Expectancy?
-SFS 9th Annual Shred Event
-Planning Tip
Click here to check it out!
This week, financial markets have seen significant volatility over fears concerning the coronavirus. With uncertainty over how soon the virus will be contained, investors are nervously reacting to its potential impact on the global economy.
News that the coronavirus—known as COVID-19—has spread to South Korea, Italy, Japan, and Iran, has led to massive selling around the globe, with many European markets closing down more than 4%. U.S. stock markets are selling off hard as well, with the S&P 500 Index down nearly 3% in early trading on Monday.
Come join us at our 9th Annual Shred Event and safely dispose of your old documents and confidential files!
Saturday, May 2nd
9-11am
18 Division Street, Saratoga Springs
Global headlines. U.S. stocks are slightly lower this morning as investors assess several global headlines.
U.S. stocks weathered the Mideast conflict with the S&P 500 Index posting its 12th weekly gain out of the last 14 weeks. All major averages set fresh record highs during the week, causing some to ask whether stocks had come too far, too fast.
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