U.S. equities resumed their winning ways last week, halting a shallow two-week skid. The S&P 500 rose 0.9 percent during the holiday shortened week and closed above 2600 for the first time. Technology stocks once again drove most the gain. The sector added 1.8 percent on the week, and for the year has more than doubled the 16 percent rise in the overall index. Industrials, materials and consumer discretionary stocks also rose more than the overall index for the week.
The widening yield spread between Treasury notes and lower quality corporate bonds accelerated last week, pushing out to their widest since the end of March. Whether this is a harbinger of declining risk appetite or rather more of a reflection of isolated weakness in a handful of sectors, including healthcare and telecommunications, remains to be seen. At least some investors decided not to wait to find out, as redemptions from high yield funds and ETFs rose.
Minneapolis – Nov. 10, 2017 – Today, thousands of volunteers from Ameriprise Financial (NYSE: AMP) will lend a hand at food banks, pantries and warehouses across the country to help the 41 million Americans facing hunger. More than 8,000 Ameriprise employees, financial advisors and clients will serve meals, sort donations and stack shelves at 450 company-sponsored events nationwide. This effort will help provide more than 1 million meals for people in need ahead of the holiday season.
For the 12th year in a row year, Ameriprise Financial (NYSE: AMP) has earned 100 percent on the Human Rights Campaign Corporate Equality Index (CEI), a national benchmarking report measuring corporate policies and practices related to lesbian, gay, bisexual, transgender and queer (LGBTQ) workplace equality.