| This email is coming from an unmonitored email account. Please do not respond to this message. | | | | | | | | | Market Recap | | | | | Dow Jones | 33,665.08
(-0.98%) | | S&P 500 | 4,314.60
(-1.34%) | | Nasdaq | 13,314.30
(-1.62%) | | Apple | $175.84
-$1.31 (-0.74%) | | UAL | $36.24
-$3.88 (-9.67%) | | | | | | | | | | | | | Ozempic, Wegovy, and the weight of the economy | | | | As America is set to shed millions of pounds with the help of these new weight-loss drugs, investors are trying to anticipate how a leaner population might reshape the economy.
Read more>> | | | |  | | | | | | | | MARKET RECAP | | | | US stocks fell on Wednesday as earnings season continued and Treasury yields remained at multi-year highs | | | | - The 10-year Treasury yield surpassed 4.9% for the first time since 2007, adding more pressure to equities.
- Morgan Stanley (MS) beat analyst expectations but its shares dipped 6.8% as its important wealth management division fell short of revenue estimates.
- Procter & Gamble (PG) shares rose 2.6% after topping earnings and revenue expectations. The company saw a decline in overall volume for the sixth consecutive quarter but managed a 7% increase in revenue on the back of higher prices.
- United Airlines shares fell 9.6% after it announced that fuel costs and the ongoing conflict in the Middle East would affect the company's fourth quarter earnings.
- The average 30-year fixed-rate mortgage rose for a sixth consecutive week to a fresh multi-decade high of 7.7%. Demand for home loans meanwhile fell to a 28-year low.
- The number of building permits obtained in September exceeded expectations but still declined 4.4% from their 10-month high in August. Meanwhile, housing starts rose 7% in September after hitting a three-year low in August.
| | | | What to be on the lookout for today | | | | - The Department of Labor will publish its jobless claims report.
- AT&T (T) and Blackstone (BX) are in the earnings spotlight. AT&T continues to slash costs, targeting another $2 billion-plus in savings over the next 3 years.
| | | | | | | | Today's top stories | | | | | | | | The days of "never taking a sick day" may be behind us | | | | It only took a pandemic, and a younger generation to arrive in the workplace for sick days to become more acceptable.
Read more >> | | | | Apple TV wants you to go to the movies (but also subscribe) | | | | With the release of big-budget blockbuster Killers of the Flower Moon, Apple is going all in on the movies.
Read more >> | | | | What is an amortizing loan? | | | | Do you have a mortgage or student loan that you're paying in installments over time? Then you probably have an amortizing loan. Here's how they work and what you need to know.
Read more >> | | | | | | | | | | Other news that caught our eye | | | | | | | | | | Financial planner tip of the day | | | | "A stock is essentially a small piece of a company. Investors can buy stock, and in doing so, become shareholders of that specific company. Money can be earned in two ways, through the stocks value growing over time, as well as dividends, if applicable. Investing in stocks can offer the potential to earn a high rate of return in the long term, but that potential comes with some risk. They're one of the more volatile forms of investing for the short and medium term." | | | | – Brian Walsh, CFP® at SoFi | | | | How did you like today's newsletter? | | | | | | | | This email was sent to you at paidmellc@gmail.com by SoFi Wealth LLC. (SoFi) because you're enrolled in the SoFi Daily. If you do not want to receive SoFi Daily emails, click here to unsubscribe.
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*NOTICE: If you are a federal student loan borrower you should take time now to prepare for your payments to restart, including the opportunity to refinance your student loan debt at a lower APR or to extend your term to achieve a lower monthly payment. Please note that once you refinance federal student loans you will no longer be eligible for current or future flexible payment options available to federal loan borrowers, including but not limited to income-based repayment plans or extended repayment plans. Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
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