Insider Insights and Celebrity Drama Unfold at Year-End
NYSE insider Jay Woods discusses a stock from the 'Magnificent Seven' that is experiencing a significant breakout as the year ends, highlighting its potential for investors.
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Year End
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"Dow Plunges 500 Points, Just Shy of Record High"
The S&P 500 was on track to hit a record high but tumbled in the afternoon, causing the Dow to drop almost 500 points. The VIX volatility index spiked, and trading volume was low due to the holiday season. Despite the selloff, there was no clear reason for the drop, and market analysts attribute it to year-end slowdown and profit-taking. Similar market fluctuations have occurred in previous years, so investors are advised to expect some bumps in the road towards the end of the year.
"Maximize Your Employee Benefits: Don't Waste Your FSA Money Before the New Year"
As the end of the year approaches, it's important to maximize your employee benefits before they expire or reset. Take advantage of flexible spending accounts (FSAs) by using any remaining funds for eligible expenses. Consider maximizing contributions to health savings accounts (HSAs) before the year ends, as unused funds roll over. Use any remaining flex time, work-from-home days, or paid time off. Review your retirement savings and adjust contributions if necessary. Lastly, explore other employee perks and discounts that you may have overlooked. Being proactive now can lead to significant savings and optimized benefits for the new year.
"Market Momentum: Traders Bet on Broader S&P 500 Rally in December and Beyond"
The U.S. stock market is expected to continue its momentum into the final six weeks of 2023 and potentially build on that strength into year-end, according to Michael Arone, chief investment strategist at State Street. While there are no guarantees, historical trends suggest that momentum tends to beget more momentum, indicating a potentially healthy December and beyond for the stock market.