Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
Independent, Fee-Only Financial Advisor
Wednesday, September 09, 2009
Today, industrial stocks strengthened, but the broader stock market's gains were reined in after the Federal Reservc'es beige book report raised new concern about consumer spending. We know that the U.S. economy continued to stabilize in July and August, but soft spending amid a weak job market suggested that recovery will remain subdued. The Fed said that manufacturing had improved in most areas as the broader economy continued to steady this summer. Also, the Fed flagged concern about the health of consumer spending, which accounts for most demand in the U.S. economy. In general, we are seeing that investors are remaining cautious. DJIA -49.88 S&P 500 +7.98 NASDAQ +22.62
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