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In line with our mission to financially empower and provide low-cost, quality banking to the larger Penn community, we are excited to announce that the SFCU will be setting aside up to $1,000,000 to donate free credit builders to all Penn students, alumni, and families. This promotion marks the beginning of “SFCU Cares,” a series of initiatives focused on fostering financial wellness.Read More
Following two-weeks of gains led by positive vaccine developments, US equities and government bond yields fell Friday, finishing this week in the red. Although the S&P500 has gained 5.6% since November 3rd, the index dropped 0.8% on a weekly basis, while the 10-year US Treasury notes saw its largest one-week yield decline since this August...Read More
The trends in the market this week reflected both optimism following Pfizer’s announcement that their vaccine had reached a 90% success rate yet also fears regarding the large spike in COVID cases nationwide. The week began with a 1.17% increase of the S&P immediately following the Pfizer announcement...Read More
The stock market skyrocketed as investors were expecting a new president-elect. Moreover, the prediction also drove up bets in derivatives across the bond market. For months, investors have been betting on the volatility of the market around the presidential election until one day ago when the result seemed to be clear...Read More
This week presented plenty of volatility for markets, as investors continued to weigh pandemic headwinds. The week started off strong, fueled by anticipation of Q3 earnings and continued excitement surrounding the iPhone 12 keynote (AAPL -1.04% on the week) and Amazon Prime Day (AMZN -2.27%). However, coronavirus concerns reemerged Tuesday...Read More
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