Weekly Market Recap – November 7, 2022
The Markets (as of market close November 4, 2022) Despite a late-week rally, stocks closed lower last week. Investors continued to try to assess the plethora of mixed data and its impact on the economy. Inflation continued to rise, and the Federal Reserve hiked interest rates up another 75.0 basis points, yet the October job […]
Weekly Market Recap – October 31, 2022
The Markets (as of market close October 28, 2022) Wall Street continued its weekly rally last week, with each of the benchmark indexes posting solid gains. Traders focused on positive earnings reports from major megacap technology and communication companies rather than the latest data that showed inflation continuing to rise, opening the door for more […]
Weekly Market Recap – October 24, 2022
The Markets (as of market close October 21, 2022) Wall Street enjoyed a notable surge last week, as investors clung to hopes the Federal Reserve may consider scaling back its aggressive policy stance against rising inflation. A report last Friday indicated that some members of the Fed are willing to debate a smaller interest-rate hike […]
Weekly Market Recap – October 17, 2022
The Markets (as of market close October 14, 2022) Wall Street closed generally lower last week, with only the Dow able to garner a gain. The latest data showed inflation is stubbornly rising, which could lead to more hawkish rate hikes from the Federal Reserve. While some big financial institutions reported solid third-quarter earnings, a […]
Weekly Market Recap – October 10, 2022
The Markets (as of market close October 7, 2022) Market gains early last week were enough to outpace declines later, as stocks enjoyed their best weekly gains in a month. The Russell 2000, the Dow, and the Global Dow paced the benchmark indexes. The S&P 500 climbed higher, while the Nasdaq was able to hold […]
Azzad Asset Management named again to CNBC FA 100 List
FALLS CHURCH, Virginia (October 4, 2022) – Azzad Asset Management announced today that it has once again been named to the CNBC FA 100 a ranked list of wealth management firms that offer the most comprehensive planning and financial services to help clients navigate their financial lives. The firm said in a statement: “Being named […]
Weekly Market Recap – October 3, 2022
The Markets (as of market close September 30, 2022) Wall Street ended a very tepid month of September on a downswing. Each of the benchmark indexes lost value last week, as investors continued to worry about the impact the Federal Reserve policies will have on the economy. The 0.3% increase in the August personal consumption […]
What to do when your income reaches 7 figures
Did you recently add a second comma to your bank balance? Has a recent financial event raised your net worth to the next level? It’s an exciting time, whether it’s the result of your long-term goals (e.g., from the sale of a business), a windfall transfer of wealth, or a key promotion. You’re probably already […]
Have you formalized your charitable giving strategy?
The end of the year is nearly here, which means the season of giving is upon us. Have you determined your charitable giving strategy for 2022? Being intentional in your giving benefits your charities of choice and may help manage your taxable income. Get started To make the most of your giving strategy, first, you […]
Weekly Market Recap – September 26, 2022
The Markets (as of market close September 23, 2022) Investors endured their second harrowing week in a row as the Federal Reserve continued to raise interest rates aggressively to combat inflation. New signs of slowing global growth and Russia’s threats to escalate the war in Ukraine provided more reasons for selloffs in the stock and […]
