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09/15/2020

The Economy Loses Some Momentum as Investors Face Further Disruption

Stocks endured another week of choppy trading last week, full of down days followed by up days. In total, the S&P 500® index was down 2.5 percent. This followed its 2.3 percent decline of the previous week. From its peak on September 2 the index is now lower by 6.7 percent. It is no secret that the tech sector has suffered the worst of the declines, falling 11.1 percent since the index’s peak. Communications services and energy have been battered as well, tumbling 8.2 and 7.4 percent respectively. As has been noted before, cyclical groups have fared relatively better, but no group is positive. Materials are down only 1.8 percent and industrials are down just 2.9. Utilities and financials have also held up relatively well. The Nasdaq composite has fared even worse than the S&P 500. It fell 4.1 percent last week, after falling 3.3 percent the week prior. From its September 2 peak, the index is lower by 10 percent, and the Nasdaq 100 is down 10.7 percent.

09/10/2020

Ameriprise Financial Matching Public Donations to Feeding America Now Through Thanksgiving

MINNEAPOLIS – September 10, 2020 – Ameriprise Financial (NYSE: AMP) today announced it is matching donations to Feeding America® in support of the millions of Americans struggling with hunger, which has increased amid disruption caused by the COVID-19 pandemic. Every dollar donated (up to $250,000) now through Thanksgiving will help provide at least 20 meals to families and individuals in need when matched by Ameriprise.* To participate in the Ameriprise matching campaign, simply visit: supportfeedingamerica.org/Ameriprise to give.

 
09/09/2020

Client-Focused, Supportive Culture Brings 35-Year Industry Vet to Ameriprise

MINNEAPOLIS – September 9, 2020 – Financial advisor Eileen Holzman recently joined The Nolan Group, an established practice within the franchise channel of Ameriprise Financial (NYSE: AMP), after spending 35 years in the industry. Holzman, who joined from Royal Alliance Associates, chose Ameriprise because she was attracted to the firm’s client-first culture and strong reputation for fostering a supportive advisor community.

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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.