July 3, 2024

WATCH & LISTEN LIVE: WITH SHANA BURT

TUNE IN TO FISM.TV on weekdays, 9/8c to watch Financial Issues with our host Shana Burt and catch her live commentary, the latest financial news, market updates, investment tips, and more.

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ENCOURAGING SCRIPTURE

So if the Son sets you free, you will be free indeed. - John 8:36

 

As we celebrate our independence as a nation, we must remember that, as Christians, we have a far greater freedom than mere national sovereignty - We are free from sin.

 

In Christ, we enjoy true freedom. Before Christ, we were in bondage to sin. We had no freedom except to do what our rebellious hearts desired. But in Christ, we are free from the past shame of sin, the present power of sin, and most gloriously, from the future guilty verdict of sin. Freedom in Christ applies to us now, even as we still battle the old man and live in a world infected by the Fall. What great hope we possess of eternal freedom from sin, found only in Christ our Redeemer!


If you want to study the scriptures and learn more about the truth of the gospel, join our weekly Bible Study every Friday morning at 6:30 Eastern time, 5:30 Central time. Click here to learn how to join.

MARKET RECAP

For the Week as of 7/3/2024

The DJIA added 189.14 points, or 0.5%, to close at 39,308.00.

The Nasdaq gained 455.70 points, or 2.6%, ending at 18,188.30.

The S&P rose 76.54 points, or 1.4%, closing at 5,537.02.

The Dow Jones Industrial Average lost 23.85 points, or 0.06%, to close at 39,308.00; the Nasdaq Composite added 159.54 points, or 0.88%, ending at 18,188.30; the S&P gained 28.01 points, or 0.51%, closing at 5,537.02.


The S&P 500 index and Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy raised hopes the Federal Reserve could cut interest rates in September.


Health care stocks declined Wednesday afternoon with the NYSE Health Care Index shedding 1% and the Health Care Select Sector SPDR Fund (XLV) retreating 0.8%.


Tech stocks advanced Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1.3% and the SPDR S&P Semiconductor ETF (XSD) adding 1.5%. The Philadelphia Semiconductor index climbed 2.1%.


Financial stocks were mixed Wednesday afternoon, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) off 0.3%.

Consumer stocks were mixed Wednesday, with Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.7%.


Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index rising 0.6% and the Energy Select Sector SPDR Fund (XLE) up 0.5%.


The Philadelphia Oil Service Sector Index posted a 0.8% increase, and the Dow Jones US Utilities index added 0.6%.


West Texas Intermediate was rising 0.3% to $83.04 a barrel while the global benchmark Brent crude contract was advancing 0.3% to $86.46 a barrel.


Gold prices rose more than 1% to a near two-week high on Wednesday, driven by increased bets for a September interest rate cut by the Federal Reserve. U.S. gold futures climbed 1.7% to $2,372.40. Silver futures were up at $30.80 per ounce, Platinum was up slightly at $1013.20; Palladium was up at $1040.50.

NOTABLE MENTIONS

High fuel costs and the threat of a hurricane are not expected to dampen Americans' desire to hit the road this summer, with vacationers preparing for record travel to kick off Fourth of July holiday festivities.


Federal Reserve Chair Jerome Powell said that the last two inflation readings signal that the U.S. is “getting back on a disinflationary path.”


Home affordability is now at the lowest point in 17 years, according to a new report published by real estate data provider ATTOM.


May job openings increased in state and local government, excluding education, durable goods manufacturing, and federal government. On the other hand, job openings decreased in accommodation and food services and in private educational services.


A federal judge on Monday blocked the Biden administration’s ban on new liquified natural gas exports.


The Biden administration’s new rule requiring mandatory overtime pay for about 4 million salaried workers went into effect on Monday.


An appeals court ruled that a key part of President Biden’s student loan repayment plan can resume amid legal challenges.


Chicago Federal Reserve Bank President Austan Goolsbee on Tuesday said he sees some "warning signs" of weakening in the economy, adding that the U.S. central bank's goal is to get inflation down without stressing the labor market.


Services PMI in June was 48.8%, 5 percentage points below May’s figure of 53.8%. June’s report was the second reading in contraction territory in the last three months.


First-time applications for U.S. unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high towards the end of June, consistent with a gradual cooling in the labor market.

Observing Independence Day

While we look with gratitude to the past on July 4th, may we also look in faith to the future, and commit it and our lives to God and His will. - Billy Graham


As we observe Independence Day tomorrow, let us celebrate the freedoms and liberty that we enjoy as Americans due to the bravery and sacrifice of our founding fathers as well as many patriots that have come after them. Let us celebrate the fact that our country was founded upon Christian principles that have stood the test of time. Let us celebrate the fact that we live in the greatest nation in the world - the land of the free, and the home of the brave.


But as we celebrate let us also spend time to seek the Lord and pray for our nation. 


Today, we see a great philosophical and moral war taking place in this country - one that threatens to tear the country apart and seeks to reject the principles and freedoms that it was founded upon. We see this battle waging war in our schools, the halls of government, and in city squares across our nation.


As Christians, we must stand for what we believe in, fight to preserve the freedoms that our nation was founded upon, and resist the urge to be complacent in the face of opposition. This can be done in a variety of ways, including through our core mission of engaging our culture through biblically responsible investing. However, we know there is nothing greater than the power of prayer.


So tomorrow let us all pray for our country, our leaders, and most of all for repentance and revival to sweep once more across our great nation. 


If My people who are called by My name will humble themselves, and pray and seek My face, and turn from their wicked ways, then I will hear from heaven, and will forgive their sin and heal their land. - 2 Chronicles 7:14

Special Message from Dan Celia

We are thrilled to announce that Financial Issues is now airing on NRB TV, every weekday at 2 pm EST, right after the popular 700 Club! The expansion allows us to potentially reach 39 million new households via DirecTV and NRB's streaming platforms. This fantastic opportunity - to welcome more people into the FISM family and make a greater impact on the culture through biblically responsible investing - was made possible by your loyal support. Thank you for your unwavering dedication to the ministry. We can't wait to see how the Lord will use this new platform to further our mission of equipping individuals to be good stewards of their resources and honoring God through their investments.

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Pro-Community: Timothy Plan aligns your financial stewardship with the Godly principles you strive to exhibit every day.

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The FISM (Financial Issues Stewardship Ministries) is the home of the program Financial Issues which focuses on financial headlines, investing, politics and encourages people to be thoughtful stewards of the money God has entrusted to them. Financial Issues is a live call-in radio and TV program heard and watched internationally.


Confidentiality:This message is intended only for the use of the individual or entity to which it is addressed, and may contain information that is confidential in nature. Any distribution, copying or disclosure of this material by any individual or entity other than the intended recipient is strictly prohibited. If you have received this message in error, please notify Financial Issues Stewardship Ministries immediately and delete this message.


Disclaimer: The information and data provided in this communication is meant for informational purposes only. It is the option of an individual and should not be regarded as an offer to sell, a solicitation to buy, or a recommendation of any security, or as an offer to provide financial planning or investment advice. You should consult with your Financial Planner, Adviser and your Tax Account to make sure of the suitability for you of any investment you make. Understand that ALL investments contain risk of loss of principal and that should always be considered before investing. The user bears the sole responsibility of evaluating the merits and risks associated with the use of any information obtained from Financial Issues Stewardship Ministries, Daniel J. Celia, or Shana Burt of Exodus Financial Services and GA Repple. Although the information provided is obtained or compiled from sources believed to be reliable, Financial Issues Stewardship Ministries, Daniel J. Celia and Shana Burt of Exodus Financial Services and GA Repple do not guarantee the reliability, accuracy, timeliness or completeness of any information or data made available to the recipient of this message for any particular purpose.

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