Insights

Wall Street experienced a strong Thanksgiving week, largely erasing losses from the preceding volatile period. Increasing hopes of an interest rate cut by the Federal Reserve next month helped fuel the rally. After a shaky few weeks, tech stocks surged last week, driving the NASDAQ to its largest weekly gain in quite some time.

What's in this issue: Record Charitable Giving in 2024; Traditional vs. Roth: IRA Preference Differs by Generation; Finish the Year Strong by Considering These Tax Moves; Holiday Tipping Etiquette: Tis' the Season to Show Your Appreciation; Goodbye Passwords, Hello Passkeys; Strategies for Smarter Giving; and Beneficiary Designations: Who Gets the Money?

Volatility continued to characterize the stock market last week. Wall Street endured significant swings driven by a mix of key corporate earnings reports, important economic data following the government’s reopening, and shifting expectations for the Federal Reserve interest rate policy.