Stock Market
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April Market Recap
The Markets (as of market close April 30, 2024) Stocks ended April lower, with each...
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The Markets – as of market close May 28, 2021
Stocks were volatile in May, likely a reflection of strength in the U.S. economy as well as concerns about inflation.
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The Markets – as of market close April 30, 2021
Stocks climbed higher in April on the heels of strong first-quarter corporate earnings reports and encouraging employment data.
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Market Update- First Quarter Review 2021
From a $1.9 trillion stimulus package and ramped up vaccine distribution, to stock price manipulation, the first quarter ushered in an eventful start to 2021.
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The Markets – as of market close February 26, 2021
While COVID-19 continues to take a toll on the global economy, U.S. unemployment rates drop, showing signs of slow recovery.
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The Markets – as of market close January 29, 2021
A coordinated effort among retail investors created extreme volatility causing stocks in each of the benchmark indexes to lose value.
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Are Value Stocks Poised for a Comeback?
Value stocks may have strong appeal during the economic recovery since they performed well during the last two recessions.
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The Bull Market Is Back… Will It Keep Charging?
After the pandemic relief package was signed at the end of December, stocks jumped to a new record high and investors saw it as a boost to economic recovery.
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The Markets – as of market close November 30, 2020
Despite a downturn on the last day of the month, stocks rebounded in November with several benchmark indexes reaching record highs.
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The Markets – as of market close November 7, 2020
Stocks fell for the second consecutive month in October as rising COVID-19 cases and related deaths shunted signs of an economic rebound.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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