| This email is coming from an unmonitored email account. Please do not respond to this message. | | | | | | | | | Market Recap | | | | | Dow Jones | 33,274.58
(+0.67%) | | S&P 500 | 4,237.86
(+1.05%) | | Nasdaq | 13,061.47
(+1.64%) | | CVS | $68.73
-0.28 (-0.41%) | | | | | | | | | | | | | Getting through the holidays without stressing about money | | | | It's the season… to be stressed about money? Hold up. Holiday finances are a stressor for nearly half of Americans. Here are tips from SoFi Financial Planner Brian Walsh to manage your money this holiday season.
Read more>> | | | |  | | | | | | | | MARKET RECAP | | | | US stocks rose on Wednesday following the Federal Reserve's unanimous decision to hold rates unchanged | | | | - The central bank acknowledged the recent strength in the labor market and economic growth, and reiterated that it would rely on data in determining future policy.
- Economic data painted a mixed picture: The ADP Employment Report showed private U.S. companies added 113,000 jobs in October, fewer than expected. The government's official jobs tally comes out Friday. Looking back at September, the number of job openings rose more than expected to the highest level since May. Hotel and restaurant jobs contributed the biggest increase. Economic activity in the manufacturing sector fell sharply from September, marking the 12th consecutive month of contraction.
- The average 30-year fixed-rate mortgage declined for the first time in two months.
- Shares of WeWork plummeted 46.5% following reports the coworking company plans to file for bankruptcy as soon as next week. WeWork entered a short forbearance agreement earlier this week after failing to make interest payments. Overall, its shares are down 97% this year.
- CVS beat estimates, but its shares fell slightly due to higher-than-expected medical costs at its insurance unit.
- Yum! Brands, parent company of KFC, Pizza Hut, and Taco Bell, posted mixed results, beating market estimates on earnings per share but falling short on revenue.
| | | | What to be on the lookout for today | | | | - It's another big earnings day with reports from Apple, Shopify, DraftKings, Eli Lilly, and Novo Nordisk.
- As usual on Thursdays, we'll also get the latest initial jobless claims numbers, along with preliminary quarterly labor productivity data.
| | | | | | | | Liz Looks at: The November Fed Statement | | | | The Federal Reserve kept interest rates unchanged in November, giving us some breathing room to look at what to expect in the future.
SoFi Head of Investment Strategy Liz Young has the Fed's 2% inflation target on her mind, for one. Even though the pace of inflation has slowed down, it's still well above the target. So where do we go from here? Read more>> | | | |  | | | | | | | | Today's top stories | | | | | | | | As earnings rise, the wealth gap widens | | | | The strong labor market and average earnings are higher on the year. But the wealth hasn't been shared equally. What might bridge the gap?
Read more >> | | | | Here's what cheaper this Thanksgiving | | | | Holidays are expensive. But this year there will be one important reprieve on your Thanksgiving dinner table.
Read more >> | | | | Understanding Fed interest rates | | | | Federal Reserve interest rate policy drives market action, and affects your mortgage rate. Here's what you need to know to understand how it works.
Read more >> | | | | | | | | | | Other news that caught our eye | | | | | | | | | | Financial planner tip of the day | | | | "Variable rate loans may seem attractive because the initial rates are often lower than fixed-rate loans. However, since rates will fluctuate, variable rate loans can be more costly in the long run, especially if a borrower has the loan for a lengthy period of time." | | | | – 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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