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Tuesday, July 7, 2020

MARKET WEEK: JULY 6, 2020 The Markets (as of market close July 3, 2020) Domestic stocks surged last Monday, as a robust pending home sales report overshadowed an increase in COVID-19 cases. Pending sales of existing homes soared over...

Wednesday, July 1, 2020

QUARTERLY MARKET REVIEW: APRIL-JUNE 2020 The Markets (second quarter through June 30, 2020) Stocks rebounded from a dismal March by posting their best monthly returns since 1987, as investors were encouraged by the expectation of...

Monday, June 29, 2020

MARKET WEEK: JUNE 29, 2020 The Markets (as of market close June 26, 2020) The week began with the stock market picking up where it left off the previous week. Each of the benchmark indexes listed here advanced in value, led by the...

Friday, June 26, 2020

There are many different strategies that can be used to take full advantage of investing opportunities and help you reach your financial goals; one such strategy is called Dollar Cost Averaging. Dollar Cost Averaging is investing a...

Monday, June 22, 2020

MARKET WEEK: JUNE 22, 2020 The Markets (as of market close June 19, 2020) Equities began the week edging higher following the Federal Reserve's announcement that it would buy corporate bonds under an emergency lending program. The...

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Monday, June 15, 2020

MARKET WEEK: JUNE 15, 2020 The Markets (as of market close June 12, 2020) Last week began with a bang for stocks as each of the indexes gained well over 1.0% for the day. The S&P 500, after climbing 1.2%, has picked up nearly 45.0%...

Monday, June 8, 2020

MARKET WEEK: JUNE 8, 2020 The Markets (as of market close June 5, 2020) Despite nationwide protests and U.S.-China tensions, stocks rose to start the week. Apparently, investors focused on progress toward economic recovery instead of...

Monday, June 1, 2020

MARKET WEEK: JUNE 1, 2020 The Markets (as of market close May 29, 2020) With the stock market closed last Monday in observance of Memorial Day, Tuesday's trading led to solid returns for each of the benchmark indexes listed here. The...

Monday, May 25, 2020

MARKET WEEK: MAY 26, 2020 The Markets (as of market close May 22, 2020) The major benchmarks opened the week on a high note, led by the Russell 2000, which gained more than 6.0%. The large caps of the Dow (3.85%) and S&P 500 (3.15%)...

Monday, May 18, 2020

The Markets (as of market close May 15, 2020) Stocks opened the week with mixed returns. The S&P 500 stayed level, the Dow fell by almost half a point, and the Nasdaq finished the day up three-quarters of a percent. Crude oil prices...

Friday, May 15, 2020

If you feel like your small business is taking the brunt of the financial hit during this COVID-19 pandemic, you’re not alone. While the CARES Act stimulus bill designated $350 million dollars to support the small business sector...

Monday, May 11, 2020

The Markets (as of market close May 8, 2020) Investors continue to move toward stocks despite unfavorable economic data. New scientific and medical developments in the battle against COVID-19 offer hope. Last Monday saw stocks rebound...

Friday, May 8, 2020

Many people that are working families are concerned about their ability to continue to make ends meet should they become unemployed or sick during these turbulent times. Recently passed, the Families First Coronavirus Response Act...

Thursday, May 7, 2020

In response to the COVID-19 pandemic, the IRS has extended the 2019 tax deadline to July 15 in 2020. Knowing when and what you have to file can save a lot of headaches at tax time, so we wanted to be sure you were aware of these...

Tuesday, May 5, 2020

Any unpredictable situation in life is likely to bring emotional challenges and during these times of the COVID-19 pandemic, there’s definitely no shortage of them. This type of crisis not only tests our vulnerability as a...

Monday, May 4, 2020

The Markets (as of market close May 1, 2020) Investors were guardedly optimistic last Monday as several countries and some states began to reopen their economies. The Russell 2000 jumped by nearly 4.0%, while the remaining indexes...

Thursday, April 30, 2020

Various states and some countries abroad are beginning to slowly reopen after shutdown precautions due to COVID-19. This is likely to be good for the economy, although it will take some time to feel the impact of that progress. To...

Monday, April 13, 2020

Hope you’re well and staying healthy! As you know, we (both as individuals and as a country) have gone through many changes lately due to the impact of the COVID-19 coronavirus and federal lawmakers’ response to it via the...

Wednesday, April 1, 2020

Since many small businesses have been rocked by the widespread isolation orders forcing Americans to stay home, it's important to have a solid understanding of the federal small business loan program now being referred to as the...

Wednesday, April 1, 2020

One of the largest concerns clients are struggling with is the impact unemployment may have on their ability to make ends meet. While the CARES Act may not prevent workers from being laid off, it does provide assistance in helping many...

Wednesday, April 1, 2020

Congress passed portions of the CARES Act to positively impact the health and wellbeing of retirees, as well as provisions that benefit those still significantly invested in the markets. Here are the portions of the stimulus bill that...

Wednesday, April 1, 2020

If you're a Small Business Owner you need to be aware. Give me a shout for additional questions. Here is a quick snapshot from Treasury: SMALL BUSINESS PAYCHECK PROTECTION PROGRAM The Paycheck Protection Program provides small...

Friday, March 20, 2020

The Federal Income Tax filing deadline has been postponed to July 15th. In doing our part for social distancing Harry H. Horning Financial Services will be closed to office visits and in-person appointments next week March 23rd through...

Friday, March 20, 2020

Governor Northam announced delay of the 2019 State Income Tax deadline to 6/1. Filing is still required by 5/1 but you do not have to make payment until 6/1.

Tuesday, March 17, 2020

The Government continues to seek measures to mitigate the economic blow of the Coronavirus. Today the Trump administration delayed the April 15 tax-payment deadline by 90 days giving Americans more time to pay their income tax bills....

Tuesday, March 17, 2020

The market continues to move based on global reaction to the COVID-19 coronavirus, as well as a cut in interest rates from the Federal Reserve. If you’re interested in more information regarding these movements and what they mean...

Monday, March 16, 2020

In recent weeks, we’ve seen several major stories in the news. On the political front, in addition to the arrival of the presidential election through the 2020 caucuses and primaries, we have just experienced the third...

Monday, March 16, 2020

Harry H. Horning Financial Services is open 830-5pm. Income Taxes: There is no change on due date. Corporate tax returns are due 3/16 and Individual Returns are due 4/15. You can mail, email, or drop off your return documentation. We...

Thursday, March 12, 2020

In your investing lifetime, you may only see a situation like the recent novel coronavirus (COVID-19) a few times. This is a circumstance where complete candor is necessary. The truth is that we can’t yet gauge the full economic...

Tuesday, March 10, 2020

I wanted to let you know that I am closely following the financial markets across the globe and the continued volatility that is impacting investor confidence. Global markets have been bracing for uncertainty as the spread of COVID-19...

Monday, March 2, 2020

As we've welcomed in the new decade, it seems a hot topic of conversation is a warning about how you shouldn’t abbreviate the year 2020 on any legal or professional documents, including financial ones. Abbreviating the year 2020...

Tuesday, February 25, 2020

If you’re following the news, you already know that financial markets across the globe have experienced increased volatility over the last several weeks, and particularly in the last several days. This bumpy performance is driven...

Monday, July 8, 2019

Designing a Benefit Package for Your Small Business If you're a small business owner, you face many challenges in growing your company. One of them is recruiting and retaining the best talent for your needs. When your primary goals are...