December 31, 2019
WHAT’S HAPPENING AROUND HERE
Huntsville Symphony Orchestra presents Soul Songbook on New Years Eve – Praised by critics for her overwhelming range and high-voltage delivery, fast-rising Shayna Steele’s vocal power is matched only by her versatility—from Broadway productions of Rent and Jesus Christ Superstar to her stage and studio work with Bette Midler, John Legend, Rihanna, and Moby. Tonight Shayna and her world-class band hold court with their favorites and yours: Aretha Franklin, Diana Ross, and many more queens of soul! This event is at the Mark C. Smith Concert Hall from 7:30-9:30pm.
ECONOMY AND EQUITY MARKETS
Ending on a High Note
U.S. stocks extended their recent run of posting modest weekly gains and pushing their record levels slightly higher, with the major indexes rising nearly 1%. For the S&P 500, it was the fifth weekly gain in a row and the 11th positive week out of the past twelve.
The steady gains that the major stock indexes recorded in the closing weeks of 2019 have been a stark contrast with 2018’s volatile ending. On December 24, 2018, the S&P 500 fell to a level that was 19.78% below a high that it had recorded just three months earlier.
NEWS AND TRENDS
A Decent Return – The Hallmark Channel produced 40 separate holiday movies for its annual “Countdown to Christmas” bonanza, with an average budget of $2 million. The ad revenue for Hallmark in 2018? $600 million.
Growing Crowdfunding – Some $9 billion has been raised on the charitable crowdfunding site GoFundMe through more than 120 million donations since 2010. This year, a fundraiser was started every eight seconds.
Tuesday: Consumer Confidence Index
Friday: U.S. Census Bureau, Vehicle sales
|Index||Started Week||Ended Week||Change||% Change||YTD %|
QUOTE OF THE WEEK
“Do not go where the path may lead, go instead where there is no path and leave a trail.” Ralph Waldo Emerson
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The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks.
The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.
The Nasdaq Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System.
Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.
*A Decent Return…(Source: Qz.com)
*Growing Crowdfunding….(Source: People.com)