News and Commentary

Having a conversation regarding your estate plan can help ensure that everyone involved in the eventual management and settlement of your estate understands your wishes.

November proved to be a volatile month for the stock market, ultimately concluding with slight gains for several of the major market indexes. Through the middle of the month, investors grappled with concerns about the valuation of megacap tech stocks, leading most benchmark indexes to decline for three straight weeks. However, the market staged a strong rebound late in the month leading into the Thanksgiving holiday, as more economic information became available following the reopening of the federal government.

Wall Street experienced notable volatility in October, only to see each of the benchmark indexes listed here close the month higher. The NASDAQ led the benchmarks, reaching a new record high. This surge was heavily influenced by a surge in AI stocks. Several major tech firms posted favorable corporate earnings data for the third quarter. Overall, the percentage of S&P 500 companies reporting positive earnings surprises, at 83.2% through quarter three, was above the long-term average.