Tuesday,
May 21, 2024
Market recap
Dow Jones
39,806.77
-196.82 (-0.49%)
S&P 500
5,308.13
+4.86 (+0.09%)
Nasdaq
16,794.88
+108.91 (+0.65%)
Top Story
Economists think they found the secret to job security
Job security is something most people want. Economists believe they found what can make all the difference. But it comes at a price.
The Nasdaq Composite pushed to a fresh record close on a mixed markets day
• Gains by chipmaker NVIDIA and Microsoft contributed to the tech-heavy Nasdaq’s strong day. Elsewhere, shares of Hims & Hers Health surged after the company announced it will incorporate GLP-1 injections into its weight loss program.
• In commodity markets, natural gas prices hit their highest level since late January, and both copper and gold prices touched new record highs.
What to be on the lookout for today
• AutoZone, Lowe’s, Macy’s, Urban Outfitters, and XPeng will report earnings.
How to get started in ESG investing
If you’re ready to jump into the world of ESG investing, there are steps you can take to help make sure that your strategies align with your values. Remember, ESG stands for environmental, social and governance.
Making money while doing good
Identify your goals. ESG investing can cover a lot of different areas, so it can help to have additional criteria. Some ESG funds are broad while others can target more specific concerns, such as reducing carbon emissions. Remember, ESG criteria aren’t universal, which can make it hard to evaluate potential investments.
Know the types of investments. There are different ways to make ESG investments. You can choose from stocks and bonds that meet ESG criteria as well as mutual funds and ETFs that offer exposure to ESG companies.
Evaluate your risk tolerance. Diversifying your portfolio can help reduce volatility in your portfolio. But whenever you make an investment you also need to know your risk appetite.
Today’s top stories
AI is here to solve our travel troublesLost bags, extensive taxi times when you just want to get off the plane, unhelpful texts from your airline – there’s a lot we could improve when it comes to air travel, and AI is here to do just that.
Read more >> Meet the HIFIs, high-earning Americans who outspend their incomeThis demographic helped kickstart the pandemic-era “YOLO economy” — and they’re keeping it alive and well, even in today’s markedly different climate.
Read more >> How to build generational wealthHomeownership is a cornerstone of generational wealth building. Here’s why.
Read more >>Other news that caught our eye
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Target is marking down some 5,500 frequently bought items to attract price-fatigued customers.
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China imposed strict sanctions against three U.S. defense companies — Boeing, General Atomics, and General Dynamics — for selling arms to Taiwan.
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Red Lobster filed for Chapter 11 bankruptcy protection. The seafood restaurant chain plans to sell its business to its lenders.
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Disneyland character performers voted to unionize with the Actors' Equity Association.
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Meanwhile, Mercedes-Benz workers in Alabama voted against unionization in the first major setback for the United Auto Workers union since its victories with the Big Three U.S. automakers and a Volkswagen plant in Tennessee.
Financial planner tip of the day
"Rebalancing an investment portfolio can help investors stay on track to meet their long-term goals. By ensuring that there is a steady mix — or diversification — of assets in their portfolio, they can stay on top of their investments in a way that works with their risk tolerance and their financial needs."
Brian Walsh, CFP® at SoFi