Market Recap Week of 9/11/2023 Through 9/15/2023
The S&P 500 index edged down 0.2% last week, ending the week nearly flat as losses in the technology, industrial and materials sectors managed to slightly outweigh gains across all other sectors.
Only 37% of Adults Are Interested in Using AI Tools for Financial Assistance
Many Americans aren't interested in using AI for financial assistance, with a recent study finding that 51% of U.S. adults have little or no trust in financial advice from AI tools.
Market Recap Week of 9/05/2023 Through 9/08/2023
The S&P 500 index fell 1.3% last week as interest rate concerns weighed on investor sentiment. Still, the index is up 16% for the year to date.
Despite a Slight Drop in Rates, Mortgage Demand Drops to 27-Year Low
Demand for mortgages fell to its lowest level since December 1996 last week, despite a 0.10% dip in mortgage rates.
Bautis Financial Advisor Commentary: September 6, 2023
In this installment of advisor commentary, we break down the most important trends in August 2023’s monthly market review.
Saudi Arabia and Russia Extend Voluntary Oil Production Cuts
The cuts add to 1.66 million barrels per day of other voluntary crude output that some members of OPEC have put in place until the end of 2024.
European Airlines Offer Discounts As Travel Demand is Expected to Slow
As summer comes to an end and travel demand is expected to slow, these European airlines are offering flight tickets at a discount.
What Does the Fitch Downgrade of the US Credit Mean?
Fitch downgraded the US government's credit rating in August, meaning the country has lost its top-shelf status with two out of the three ratings agencies. Here's what you should know.