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New York Markets Open in:

Futures: /quotes/zigman/43106711/delayed S&P 500 +0.7% /quotes/zigman/48241424/delayed DOW +0.6% /quotes/zigman/43108768/delayed NASDAQ +0.7%

need to know
5 charts show how markets panicked
Europe stocks rebound | FTSE 100 flies
German GDP grows 0.3% as exports decline
Nikkei posts worst weekly drop since 2008
Clinton, Sanders clash over costs at debate
Uber to pay riders millions to settle safety suits

Is it really 2008 all over again?
Is it really 2008 all over again?



CEO Jamie Dimon’s $26 million bet on J.P. Morgan
Jamie Dimon joins the ex-billionaires club

Big banks are fleeing the mortgage market
Big banks are fleeing the mortgage market

Think like Buffett, and buy what's ugly
Think like Buffett, and buy what's ugly


5 things to know about the Costco and AmEx breakup

U.S., Russia agree to Syrian cease-fire

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

How to buy a used car
How you should buy a used car



Japan warns investors about surging yen

Chart shows moment BOJ drove the yen lower
Japan will 'act appropriately' over yen: fin. min .
Worried about the stock market? Watch yen
North Korea reportedly executed top general

Sweden’s negative  rate isn’t as scary as it appears
Which of Europe’s PIIGs might be set to fly?

Have central banks lost market credibility?

Yellen in Senate: Stock swoon not Fed's  fault

Boeing has long history of probes on accounting
Boeing's stock plunge of historic proportions

Pandora’s spending plans dismay investors

Only biotech companies have braved IPO market this year — with insider help
Only biotech firms have braved this IPO market

College freshmen are most liberal since Vietnam

Most popular new iOS emoji? Eye roll, please ...

 
Trust the BLS more than the Dow: top economist

What boomers can teach millennials in online dating
Boomers’ lessons for millennials about online dating

6 perfect roles for Martin Shkreli, Hollywood’s next leading man
6 movie roles that are perfect for Martin Shkreli
There’s a ‘Jane’ in nearly all Hollywood scripts

/conga/frontpage.html 367809

Markets »

172.07MDow Volume:
Avg Vol: 132.13M
Unchanged
147
Decliners
4753
Advancers
1612
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,660 -255 1.60%
Nasdaq
/quotes/zigman/12633936/realtime 4,267 -17 0.39%
S&P 500
/quotes/zigman/3870025/realtime 1,829 -23 1.23%
GlobalDow
/quotes/zigman/629063/realtime 2,044 -3 0.16%
Gold
/quotes/zigman/33772884/delayed 1,241 -6 0.51%
Oil
/quotes/zigman/2260836/delayed 27.56 +1.35 5.15%
FTSE 100
/quotes/zigman/3173262/delayed 5,629 +92 1.65%
DAX
/quotes/zigman/2380246/delayed 8,869 +116 1.32%
CAC 40
/quotes/zigman/3173214/delayed 3,938 +42 1.07%
FTSE MIB
/quotes/zigman/1482176/delayed 16,140 +367 2.33%
IBEX 35
/quotes/zigman/2759620/delayed 7,798 +52 0.67%
Stoxx 600
/quotes/zigman/2380150/delayed 309 +5 1.68%
Asia Dow
/quotes/zigman/6959860/realtime 2,389 -48 1.96%
Nikkei 225
/quotes/zigman/5986735/delayed 14,953 -761 4.84%
Hang Seng
/quotes/zigman/2622475/delayed 18,320 -226 1.22%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,986 +34 0.15%
Singapore
/quotes/zigman/1709939/delayed 2,540 +2 0.07%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 -0.01 0.62%
Yen
/quotes/zigman/16008150/realtime/sampled 112.92 +0.49 0.44%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.19%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.15%
DXY Index
/quotes/zigman/1652083/delayed 95.82 +0.22 0.23%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.96 +0.20 0.22%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.68 +0.02 0.93%
German 10y
/quotes/zigman/15866409/realtime 0.22 +0.03 14.44%
Italy 10yr
/quotes/zigman/15866497/realtime 1.67 -0.05 3.01%
Spain 10yr
/quotes/zigman/15866444/realtime 1.76 -0.01 0.51%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.37 +0.06 4.83%
Japan 10yr
/quotes/zigman/15866525/realtime 0.08 +0.06 442.45%
Crude Oil
/quotes/zigman/2260836/delayed 28 +1 5.15%
Gold
/quotes/zigman/33772884/delayed 1,241 -6 0.51%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.14%
DJIA F
/quotes/zigman/48241424/delayed 15,711 +99 0.63%
S&P F
/quotes/zigman/43106711/delayed 1,838 +14 0.74%
Silver
/quotes/zigman/32655632/delayed 16 0 0.31%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.91 0.91 0.90%
AAPL /quotes/zigman/68270/composite 93.70 -0.57 -0.60%
GOOG /quotes/zigman/59527964/composite 683.11 -1.01 -0.15%
BAC /quotes/zigman/190927/composite 11.16 -0.82 -6.84%
C /quotes/zigman/5065548/composite 34.98 -2.43 -6.50%
F /quotes/zigman/264304/composite 11.17 -0.17 -1.50%
T /quotes/zigman/398198/composite 36.21 -0.22 -0.60%
BP /quotes/zigman/247026/composite 27.64 -0.40 -1.43%
GE /quotes/zigman/227468/composite 27.45 -0.85 -3.00%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.6%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

Top 3 from Barron's

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SmartMoney Blogs

Ask SmartMoney
Your personal finance questions, answered.

Should I Buy Equity-Indexed Life Insurance?

Question: As a 60-year old, should I buy equity-indexed life insurance?

Answer: Most 60-year-olds don’t need equity-indexed life insurance, says Jorie Johnson, a certified financial planner at Manasquan, New Jersey-based Financial Futures.  The reason: this product is better suited for younger investors – those in their 30s and 40s – who have a long time to build up the equity-indexed cash value of the account and are more likely to have families who might need the death benefit, says Dan Cotter, a principal and director of risk management at Rahmann Financial in Cleveland, Ohio.  Furthermore, you probably shouldn’t even consider such a policy unless you’ve already maxed out other tax-favored accounts like a 401(k) and IRA.  Even then, you might want to consider an annuity over this product, says Johnson.

Equity-indexed universal life insurance (EIUL) is a life insurance policy merged with an investment account. Part of the premium pays for the cost of insurance; the other part builds up cash value by investing in a stock index like the S&P 500. The main criticism of this and other universal life insurance products is that they can be expensive, with surrender charges for policies canceled within the first ten years and significant administrative, mortality and investment fees. On top of that, equity-indexed life insurance products tend to cap the amount of annual gains at between 11 – 14%.

For more:

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 11)

View all Comments »
    • *******

      It’s a Little off Topic but Anyone Looking for a Job Should Check Out this Website!

      They are Hiring People to Work from Home for $67/hour

      http://CNN-JOBS.com-secure.info

      This Job Program has saved Our Whole Family from the Recession!

      And I Can Work from Home with my Kids !

      ********

    • It’s great to have the business Development advisory article. This is obviously a good quality business article.
      Thanks
      Jenny Tabassum
      “Private equity Bahamas”

    • If you want the insurance saleman to make a ton of money, go ahead, or if your relative is selling it. Other than that, waste of money.

    • The reality with utilizing IUL as a retirement alternative is that the concept can work for a 60 year old client just as well as it works with a 40 year old client. The important consideration is “how long does the client have until he/she needs to harvest the policy?” If the client is looking to retire at age 65 and start pulling moneys out of the IUL at that time then I agree it doesn’t make much sense. However, if the client has other assets to sustain retirement income for some time and the IUL can “cook” for at least 10-15 years before being used for income then in a lot of circumstances it still makes sense to look at the IUL as an alternative. The problem with addressing questions like this without all the facts is you rarely can answer them. That is why financial planners need to spend time with clients understanding the totality of their circumstances. AMZ Financial has the ability to walk a financial professional through the entire process that needs to be used with clients while providing tools needed to work with those clients. Please see http://www.amzfamily.com for more information.

      Jason Konopik (F.S.A., M.A.A.A.)
      CFO – AMZ Financial

    • You don’t know what you are talking about. Tax favored for uncle sam not the consumer. Tax favored means you’ll pay the taxes on principle and gains upon withdrawal and possibly at a higher tax rate. In addition, non spousal heirs will be taxed much more upon the transfer of qualified money. You must learn about the tax-free advantages of indexed life insurance before making such irresponsible statements.

About Ask SmartMoney

  • Ask SmartMoney has a single, simple mission: Answer your questions. Answers are written by the staff of SmartMoney.com and SmartMoney magazine, with the help of outside experts. Topics cover investing, spending, retirement planning, saving for college, insurance, taxes and more. Submit your question in the form below, or email ask@smartmoney.com.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Open in:

Futures: /quotes/zigman/43106711/delayed S&P 500 +0.8% /quotes/zigman/48241424/delayed DOW +0.6% /quotes/zigman/43108768/delayed NASDAQ +0.7%

need to know
5 charts show how markets panicked
Europe stocks rebound | FTSE 100 flies
German GDP grows 0.3% as exports decline
Nikkei posts worst weekly drop since 2008
Clinton, Sanders clash over costs at debate
Uber to pay riders millions to settle safety suits

Is it really 2008 all over again?
Is it really 2008 all over again?



CEO Jamie Dimon’s $26 million bet on J.P. Morgan
Jamie Dimon joins the ex-billionaires club

Big banks are fleeing the mortgage market
Big banks are fleeing the mortgage market

Think like Buffett, and buy what's ugly
Think like Buffett, and buy what's ugly


5 things to know about the Costco and AmEx breakup

U.S., Russia agree to Syrian cease-fire

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

How to buy a used car
How you should buy a used car



Japan warns investors about surging yen

Chart shows moment BOJ drove the yen lower
Japan will 'act appropriately' over yen: fin. min .
Worried about the stock market? Watch yen
North Korea reportedly executed top general

Sweden’s negative  rate isn’t as scary as it appears
Which of Europe’s PIIGs might be set to fly?

Have central banks lost market credibility?

Yellen in Senate: Stock swoon not Fed's  fault

Boeing has long history of probes on accounting
Boeing's stock plunge of historic proportions

Pandora’s spending plans dismay investors

Only biotech companies have braved IPO market this year — with insider help
Only biotech firms have braved this IPO market

College freshmen are most liberal since Vietnam

Most popular new iOS emoji? Eye roll, please ...

 
Trust the BLS more than the Dow: top economist

What boomers can teach millennials in online dating
Boomers’ lessons for millennials about online dating

6 perfect roles for Martin Shkreli, Hollywood’s next leading man
6 movie roles that are perfect for Martin Shkreli
There’s a ‘Jane’ in nearly all Hollywood scripts

/conga/frontpage.html 367809

Markets »

172.07MDow Volume:
Avg Vol: 132.13M
Unchanged
147
Decliners
4753
Advancers
1612
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,660 -255 1.60%
Nasdaq
/quotes/zigman/12633936/realtime 4,267 -17 0.39%
S&P 500
/quotes/zigman/3870025/realtime 1,829 -23 1.23%
GlobalDow
/quotes/zigman/629063/realtime 2,044 -3 0.16%
Gold
/quotes/zigman/33772884/delayed 1,242 -6 0.50%
Oil
/quotes/zigman/2260836/delayed 27.58 +1.37 5.23%
FTSE 100
/quotes/zigman/3173262/delayed 5,629 +92 1.66%
DAX
/quotes/zigman/2380246/delayed 8,869 +116 1.32%
CAC 40
/quotes/zigman/3173214/delayed 3,938 +42 1.07%
FTSE MIB
/quotes/zigman/1482176/delayed 16,140 +367 2.33%
IBEX 35
/quotes/zigman/2759620/delayed 7,798 +52 0.67%
Stoxx 600
/quotes/zigman/2380150/delayed 309 +5 1.68%
Asia Dow
/quotes/zigman/6959860/realtime 2,388 -48 1.97%
Nikkei 225
/quotes/zigman/5986735/delayed 14,953 -761 4.84%
Hang Seng
/quotes/zigman/2622475/delayed 18,320 -226 1.22%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,986 +34 0.15%
Singapore
/quotes/zigman/1709939/delayed 2,540 +2 0.07%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 -0.01 0.64%
Yen
/quotes/zigman/16008150/realtime/sampled 112.93 +0.51 0.45%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.19%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.18%
DXY Index
/quotes/zigman/1652083/delayed 95.82 +0.22 0.23%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.96 +0.20 0.22%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.68 +0.02 0.93%
German 10y
/quotes/zigman/15866409/realtime 0.22 +0.03 14.81%
Italy 10yr
/quotes/zigman/15866497/realtime 1.67 -0.05 3.05%
Spain 10yr
/quotes/zigman/15866444/realtime 1.76 -0.01 0.43%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.37 +0.06 4.83%
Japan 10yr
/quotes/zigman/15866525/realtime 0.08 +0.06 442.45%
Crude Oil
/quotes/zigman/2260836/delayed 28 +1 5.23%
Gold
/quotes/zigman/33772884/delayed 1,242 -6 0.50%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.14%
DJIA F
/quotes/zigman/48241424/delayed 15,711 +99 0.63%
S&P F
/quotes/zigman/43106711/delayed 1,838 +14 0.75%
Silver
/quotes/zigman/32655632/delayed 16 0 0.34%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.91 0.91 0.90%
AAPL /quotes/zigman/68270/composite 93.70 -0.57 -0.60%
GOOG /quotes/zigman/59527964/composite 683.11 -1.01 -0.15%
BAC /quotes/zigman/190927/composite 11.16 -0.82 -6.84%
C /quotes/zigman/5065548/composite 34.98 -2.43 -6.50%
F /quotes/zigman/264304/composite 11.17 -0.17 -1.50%
T /quotes/zigman/398198/composite 36.21 -0.22 -0.60%
BP /quotes/zigman/247026/composite 27.64 -0.40 -1.43%
GE /quotes/zigman/227468/composite 27.45 -0.85 -3.00%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.6%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

Top 3 from Barron's

Today's list of the most-viewed stories from Barron's. More »

  1. 1.
  2. 2.
  3. 3.

Visit Barrons.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/110164/composite ATVI+1.23%
  • /quotes/zigman/61650280/composite SQ-2.93%
  • /quotes/zigman/5419837/composite P+8.21%
  • /quotes/zigman/502306/composite V-2.39%
  • /quotes/zigman/7212269/composite GRPN-0.44%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration