US stocks rise toward records as Wall Street waits for an announcement from the Federal Reserve
By STAN CHOE, Associated Press Business Writer
NEW YORK (AP) — U.S. stocks are hanging around their records on Wednesday as Wall Street waits to hear from the Federal Reserve in the afternoon about what it will do with interest rates.
The S&P 500 rose 0.3% in early trading.
Read MoreBank of America Stock: Is Wall Street Bullish or Bearish?
With a market cap of $392.7 billion, Bank of America Corporation (BAC) is one of the largest financial institutions in the United States. Operating through four main segments: Consumer Banking; Global Wealth & Investment Management; Global Banking; and Global Markets, it serves individual consumers, small and mid-sized businesses, large corporations, and governments worldwide.
The Charlotte,
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Read MoreWall Street ticks higher ahead of Fed’s rate decision; Trump’s Asian tour sends Nikkei to a record
NEW YORK (AP) — U.S. stocks are hanging around their records on Wednesday as Wall Street waits to hear from the Federal Reserve in the afternoon about what it will do with interest rates.
The S&P 500 rose 0.3% in early trading. The Dow Jones Industrial Average was up 193 points,
Read MoreUS stocks rise toward records as Wall Street waits for an announcement from the Federal Reserve
By STAN CHOE, Associated Press Business Writer
NEW YORK (AP) — U.S. stocks are hanging around their records on Wednesday as Wall Street waits to hear from the Federal Reserve in the afternoon about what it will do with interest rates.
The S&P 500 rose 0.3% in early trading.
Read MoreInterested in Stock Market Gains? Here's the Average Portfolio for People in Their 40s
Key Takeaways
- According to Empower, the average person in their 40s holds about half their portfolio in stocks, with the rest split between cash, alternative investments, and a small amount of bonds.
- In this age group, experts suggest you have about three times your current income saved for retirement and invest anywhere from 70% to 80% in stocks.
The Burst
Why Coinbase Could Soar
Among the best business models in the world is the money management one. While fees have come down substantially in recent decades, you can certainly still find examples of financial advisors charging north of 1% on assets under management while another 1% is charged through commissions, 10b-1 fees, and mutual fund costs.
Sum those up and 2% of invested capital is lost each year to these hefty fees.
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Read MoreThe Ivy
3 Dividend Stocks Worth Pouncing On?
If you’re looking for steady income, dividend stocks are a powerful tool providing regular cash payouts as you wait for stock price appreciation.
While no dividend are paid out at the behest of the Board of Directors and so never guaranteed, four top dividend stocks to consider this year include Genuine Parts Company (GPC),
» Read more about: 3 Dividend Stocks Worth Pouncing On? »
Read MoreThe Spotlight
Market Commentary: Blowoff Top?
When does the market top? Looking back at prior bubbles, one rule of thumb to internalize is “when price goes vertical, a top may be near”. If you’re the mathematical type, think of the angle of ascent that price takes. Usually, a bull market plods along, slow price rises push up against the Wall of Worry.