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Investing $50 weekly in the Vanguard S&P 500 ETF could grow significantly over 25 years due to compounding. With an average annual return of 10%, the portfolio could reach $290,543, far exceeding the $65,000 invested. Regular investments in low-cost index funds can strengthen financial positions, even amid market slowdowns.
PPL Corp.'s stock fell 1.87% to $34.16 on Thursday, marking its fourth consecutive day of losses. The stock underperformed compared to competitors like NextEra Energy, Southern Co., and Dominion Energy. PPL Corp. is 10.73% below its 52-week high of $38.27. Trading volume was significantly higher than the 50-day average. The S&P 500 rose 0.11%, while the Dow Jones fell 0.07%.
Charles Schwab Corp. (SCHW) shares rose 1.11% to $95.03, outperforming competitors in a mixed trading session. The S&P 500 Index increased by 0.11%, while the Dow Jones fell 0.07%. This marks the second consecutive day of gains for Schwab, closing 4.58% below its 52-week high. Competitors like Blackstone Inc. and BlackRock Inc. saw declines, while Morgan Stanley experienced a smaller rise. Trading volume was slightly below the 50-day average.
Treasury yields have risen, boosting the US dollar and impacting stocks negatively. The S&P 500 is down, while conflicting deficit priorities in Washington are noted. The market anticipates a Fed rate cut, stoking inflation fears. US jobs data is slipping, but retail sales remain solid. Dollar strength affects EUR/USD, which is down 20 pips.
