U.S. stocks ended sharply lower on Friday, as a relentless rout in oil prices, which closed at their lowest levels in seven years, weighed on the main benchmarks. Meanwhile, concerns about a junk-bond selloff ahead of a potential interest-rate increase by the Federal Reserve rattled Wall Street. All three main indexes posted their steepest one-day decline since Sept. 28.
2015 is rapidly coming to an end, we are all asking ourselves, where did the time go? Time waits for no one and a New Year is about to start. Although the holiday season is busy, packed with festivities and cheer, it is also an opportunity to sit down and get a jump start on 2016. Take the opportunity to review your current situation to determine if there are any financial or investment planning, including tax opportunities that can be beneficial to you. This is an important step towards ensuring your financial plans are on track and reaching your financial goals.
Have you ever thought that there might be a link between your physical health and your wealth? A study from Washington University published in Psychology Science shows that there is in fact a correlation between poor physical and financial health. Individuals who tend to take care of their finances are also taking care of their health and vice versa.
U.S. stocks rallied on Friday with the S&P 500 and Dow industrials posting their biggest one-day gains in nearly three months. Investors took a strong U.S. jobs report as a further indication that the Federal Reserve will raise interest rates this month. Comments from European Central Bank President Mario Draghi, who said the bank can do more monetary stimulus if needed, also helped lift markets.