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Markets Facing Three Significant Headwinds

Markets are being buffeted by several diametrically opposing forces, but are likely to be resolved in the relative near-term. 

Markets Overcome Two Significant Hurdles

The S&P 500® index climbed to a record high last week on rising optimism that a vaccine to fight the coronavirus might soon be available. The index gained 2.2 percent, to close at 3585, eclipsing the previous record of 3580 on September 2. It was the second straight week of higher prices, after the 7.3 percent surge the previous week. The announcement from Pfizer that its vaccine may be 90 percent effective sent stocks soaring at last week’s opening bell, rising more than 3.0 percent intraday on Monday, before settling back to a gain of 1.2 percent. 

Ameriprise Financial Connects Employees and Advisors to Volunteer Opportunities Ahead of the Holiday Season

Minneapolis Nov. 12, 2020 – Amid the pandemic, Ameriprise Financial is evolving its signature volunteer programs to provide its employees and advisors with unique opportunities to make a difference in their communities. This year, for the firm’s annual National Days of Service, employees and advisors will join together virtually to host food drives, shop for neighborhood food shelves and deliver groceries for the elderly while adhering to local health and safety guidelines. Ameriprise has a longstanding 11-year history of hosting its National Days of Service in November, which in past years has brought together thousands of volunteers to help food banks across the country stock their shelves to meet the typically high need throughout the holiday season.

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How to Overcome a Major Financial Setback

If you've experienced a major financial setback, you're not alone. Expert Marcy Keckler shares strategies to help you turn a setback into a comeback. Learn more about our Financial Comebacks study.