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Stocks resumed their losing ways last week, after two weeks of relative calm. The S&P 500 slid 3.1 percent, bringing its loss on the year to 8.0 percent. The weakness was localized among the sectors most sensitive to economic conditions, including consumer discretionary, technology, energy and financials, while utilities rose. There were two anomalies. The materials sector surged to an almost 5 percent gain after a sharp decline in the dollar midweek, and even industrial managed to post a fractionally positive return.
 



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MINNEAPOLISFeb. 8, 2016 – Ameriprise Financial, Inc. (NYSE: AMP), along with its employees and advisors, gave $13 million and 80,000 volunteer hour to nonprofits across the country in 2015. To increase its collective impact, the company continued to focus on three core philanthropic priorities – meeting basic needs, supporting community vitality and volunteer-driven causes. In addition, Ameriprise maintained a particular emphasis on helping end domestic hunger. The company provided more than 11.5 million meals to families and individuals struggling with hunger, through its national partnership with Feeding America® and other hunger-relief organizations. View More

Central banks took center stage last week and made it clear that they are mindful of the downside risks to the global economy. The Federal Reserve delivered no new policy stance at its meeting, as expected. As the European Central Bank did the prior week, the Fed indicated that it is well aware of the recent turmoil in global markets. Of course, it would have been too soon for the Fed to do much more without damaging its credibility, having raised interest rates for the first time in six years just last month.
 



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MINNEAPOLIS – January 27, 2016 – The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has declared a quarterly cash dividend of $0.67 per common share payable on February 26, 2016 to shareholders of record at the close of business on February 12, 2016.
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A strong finish to the week led stocks to their first weekly gain of the year. The S&P 500 climbed 2 percent on Friday, following soothing comments from European Central Bank (ECB) president Draghi the day before and a second straight day of higher oil prices. It was enough to push the index higher on the week by 1.4 percent, and trim its decline since the start of the year to -6.7 percent. Eurozone stocks also rallied sharply following Draghi’s comments. But, so did the dollar versus the euro, trimming the weekly gain of 2.4 percent in euro terms to 1 percent in dollars.



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Stocks staggered to a second straight weekly loss to start the New Year. The S&P 500 has dropped 8 percent, while the NASDAQ has fallen 10 percent and the Russell 2000 11 percent. Stocks had held up quite well through Thursday, before ending sharply lower on Friday ahead of the long holiday weekend. The S&P now sits 12 percent below its May peak, the NASDAQ is down 14 percent, and the Russell 2000 is in bear market territory, down 22 percent.



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Stock markets worldwide tumbled to start the New Year on worries over China, energy prices and diverging monetary policies. Concerns over China emerged early in the week with a softer than expected report of manufacturing activity that showed the sector continuing to contract. Chinese stocks quickly began to slide, triggering newly installed circuit breakers, which authorities chose later in the week to eliminate.  



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Investors worldwide were met with a rude awakening on the first trading day of the New Year. Stocks began the day sharply lower in China following a weaker than expected report on manufacturing activity. Circuit breakers were triggered twice during the day, the second halting trading for the rest of the session after prices fell 7 percent. The Markit Purchasing Managers’ Index (PMI) for manufacturing showed that the pace of contraction deteriorated in December, following two straight months of modest improvement.



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MINNEAPOLIS – January 4, 2016 – Ameriprise Financial, Inc. (NYSE: AMP) plans to announce its fourth quarter and full year 2015 financial results on Wednesday, January 27, 2016 after the close of the New York Stock Exchange. The company will host a conference call to discuss the results on Thursday, January 28, 2016 at approximately 9:00 a.m. (ET).
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