Wednesday,
September 25, 2024
Market recap
Dow Jones
42,208.22
+83.57 (+0.20%)
S&P 500
5,732.93
+14.36 (+0.25%)
Nasdaq
18,074.52
+100.25 (+0.56%)
Top Story
The Fed cut rates. But will that lower home prices?
While mortgage rates stand to fall as the Federal Reserve cuts interest rates, housing affordability is a more complicated beast.
US stocks finished higher on Tuesday
• Both the Dow Jones Industrial Average and the S&P 500 rose to new record closes.
• Consumer confidence fell the most in three years in August as concerns over the job market and business conditions grew.
• U.S. home prices reached a fresh all-time high in July even as the pace of price increases slowed.
Here’s what to be on the lookout for today
• New home sales for August, as well as the weekly update to the 30-year fixed mortgage rate.
• In earnings, Micron Technology will report.
You don’t need big-time finances to get big-time advice
If you think financial planners are only for millionaires, think again.Â
A financial planner can help you set and reach your financial goals, create a budget, and learn better spending habits. You and your planner can find a strategy to tackle your debts, or build an emergency fund over time.
And importantly, a financial planner can help take away some of the worries that may come up around starting investing. Making informed choices that are in line with your financial situation and goals is key.
Did you know SoFi offers complimentary financing planning? As professional fiduciaries, SoFi planners maintain an objective viewpoint, required to keep clients’ best interests at the forefront.
Today’s top stories
Being in a wedding has become too expensive for manyNearly half of Americans hope they won’t get asked to be in a wedding party to keep costs down.
Read more >> What is the reverse budgeting method?This approach prioritizes savings. Find out if it’s right for you.
Read more >>Other news that caught our eye
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California is suing ExxonMobil, alleging the oil giant misled consumers about the recyclability of its plastic products, and thereby contributing to pollution in the state.
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U.S. lawmakers criticized the high prices of Novo Nordisk’s weight-loss drugs Wegovy and Ozempic, as the company’s CEO Lars Jørgensen testified before a Senate committee hearing.
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Coca-Cola’s latest permanent flavor proved impermanent: The beverage giant is starting to phase out its “Spiced” drink after six months due to lackluster sales.Â
Financial planner tip of the day
“If you want to build savings into your monthly financial plan, but can’t imagine how, you have to begin by tracking your spending. Identify areas that you can cut back in so that you are then able to re-allocate those funds to your future.”
Brian Walsh, CFP® at SoFi