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
Monday, November 01, 2010
Monday
Blue-chip stocks squeaked out a slim gain today amid jitters ahead of U.S. midterm elections and expected moves from the Federal Reserve. Technology stocks rose after the Semiconductor Industry Association said global chip sales rose 2.9% in September. The market had climbed earlier today, fueled by encouraging manufacturing reports from the U.S. and China, as well as an unexpected rise in U.S. construction spending. A ProPublica report said the SEC is investigating whether J.P. Morgan Chase allowed Magnetar Capital, a hedge fund, to improperly select assets for a $1.1 billion deal backed by subprime mortgages. This report caused financial stocks to slide into the red, which in turn caused the market's climb to slow. DJIA +6.13 Nasdaq -2.57 S&P 500 +1.12.