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, April 07, 2010
Wednesday
Stocks suffered their worst daily loss in more than a month, sunk by a dismal reading of consumer borrowing and discouraging comments from Federal Reserve officials, who warned of both weak growth and a potential uptick in interest rates. The Fed released data showing that consumer borrowing fell $11.5 billion in February, a much bigger decline than Wall Street was expecting. Such a slide suggests that consumers' pocketbooks are suffering more than thought from high unemployment and the lingering effects of the bursting of the real-estate bubble. That bodes ill for the broader U.S. economy, more than two-thirds of which is tied to consumer spending. The dollar strengthened against the euro due to continued worry over Greece's ability to finance its debt. DJIA -72.47 Nasdaq -5.65 S&P 500 -6.99.