| This email is coming from an unmonitored email account. Please do not respond to this message. | | | | | | | | | Market Recap | | | | | Dow Jones | 36,054.43
(-0.19%) | | S&P 500 | 4,549.34
(-0.39%) | | Nasdaq | 14,146.71
(-0.58%) | | | | | | | | | | | | | Gold prices are at record highs but the driving force may surprise you | | | | We might expect an economic downturn, or market turbulence to be behind a rally in precious metals. Here's what you need to know about why the precious metal hit a record high last week.
Read more>> | | | |  | | | | | | | | MARKET RECAP | | | | US stocks fell on Wednesday as markets digested labor data ahead of Friday's jobs report | | | | - Private payrolls rose less than expected, adding just 103,000 jobs in November, according to the ADP Employment Report.
- Shares of United Natural Foods dropped 6.8% after falling short of revenue expectations, while shares of Campbell Soup jumped 7.2% after beating profit expectations and raising its 2024 guidance.
- TikTok-owner ByteDance plans to buy back up to $5 billion in stock, valuing the company at roughly $268 billion.
- Oil prices fell more than 4%, sending U.S. oil prices below $70 per barrel and gasoline prices to an 11-month low. OPEC+ recently agreed to voluntary output cuts of 2.2 million barrels per day, but slowing economic growth, particularly in China, and production increases elsewhere have outweighed those concerns.
- Q3 labor productivity advanced at the highest rate in three years, rising 5.2%. Unit labor costs also decreased by 1.2%, reflecting an easing of wage-driven inflation.
- The 30-year mortgage rate fell to 7.17%, its lowest level since August. Refinancing applications rose 14% week-over-week.
| | | | What to be on the lookout for today | | | | - The weekly update to unemployment claims, which fell last week after hitting a 3-month high.
- In earnings, Dollar General, Lululemon, DocuSign, and Broadcom will report.
| | | | | | | | Liz Looks at: The Labor Market | | | | As inflation has eased – headline CPI has fallen to 3.2% from 6.5% at the end of last year – investors, policymakers, and economists are turning to the labor market. After all, the Federal Reserve has a dual-mandate: keep prices stable, and achieve maximum employment.
The U.S. jobs market has remained strong this year, but there are some signs of cooling. SoFi Head of Investment Strategy Liz Young explains what this means, and why it's still a balancing act for the Fed. | | | |  | | | | | | | | Today's top stories | | | | | | | | Restaurant inflation is shining a new light on cooking at home | | | | Whether it's more expensive to eat at home or in a restaurant might depend on the joint in question, but if you ask inflation data the answer is simple (and gives a clue for what you might want to do to save money).
Read more >> | | | | 2024 will be a record travel year | | | | Traveler numbers for next year are expected to surpass pre-pandemic levels, but that doesn't mean there are no clouds on the horizon for the airline industry.
Read more >> | | | | What actually causes inflation? | | | | We all learned a lot about what inflation feels like over the past years. But why do prices rise to begin with? Read on to learn about 7 factors that cause inflation.
Read more >> | | | | | | | | | | Other news that caught our eye | | | | | | | | | | Financial planner tip of the day | | | | "When figuring out how to become financially independent, it can behoove individuals to invest early and often. Even if it's only $25 or $50 per month, small amounts can add up. By investing earlier than later, money has more time to grow and for interest to compound." | | | | – 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.
Please understand that this information provided is general in nature and shouldn't be construed as a recommendation or solicitation of any products offered by SoFi's affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It's important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Adviser
SoFi isn't recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
Third Party Trademarks: Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Coverage and pricing is subject to eligibility and underwriting criteria.
Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140372) distributes term life insurance products issued by multiple insurers- for further details see ladderlife.com. All insurance products are governed by the terms set forth in the applicable insurance policy. Each insurer has financial responsibility for its own products.
Ladder, SoFi and SoFi Agency are separate, independent entities and are not responsible for the financial condition, business, or legal obligations of the other, Social Finance. Inc. (SoFi) and Social Finance Life Insurance Agency, LLC (SoFi Agency) do not issue, underwrite insurance or pay claims under Ladder Life™ policies. SoFi is compensated by Ladder for each issued term life policy.
SoFi Agency and its affiliates do not guarantee the services of any insurance company.
All services from Ladder Insurance Services, LLC are their own. Once you reach Ladder, SoFi is not involved and has no control over the products or services involved. The Ladder service is limited to documents and does not provide legal advice. Individual circumstances are unique and using documents provided is not a substitute for obtaining legal advice.
To manage your SoFi email communication preferences, click here.
Privacy Policy | Legal | SoFi Learn
Apple, the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.
234 1st Street, San Francisco, CA 94105
© 2023 Social Finance, Inc. All rights reserved.
w: 20231207 | | |
No comments: