A Lewisburg Area High School team reclaimed the lead for the school in the ninth week of the Stock Market Challenge.
With a Lewisburg Area team also on top of the middle school standings, the district is again dominating the game with one week to go.
Teams of students from schools in Northumberland, Montour, Union and Snyder counties are managing hypothetical $100,000 portfolios as part of the Stock Market Challenge run by the Pennsylvania Council of Financial Literacy. The Northumberland National Bank and The Daily Item are sponsoring the competition.
A Milton Area High School team made a big push in the eighth week and increased its earnings by $180,000 to move the school from fifth place to first. That was enough to give the school the lead over Lewisburg Area. Last week, Lewisburg gained only a few hundred dollars to accumulate a portfolio totaling $207,284.40, but Milton Area lost $80,000 and dropped to third.
The middle school standings were nearly identical to the previous week in the ninth week, except Warrior Run moved up from fifth to fourth and Midd-West went from fourth to fifth.
“Discussions and rumors over tariffs and the potential of a trade war with China dominated the markets this week and fueled the volatility we have seen since the January 26 highs,” said Mark A. Ritter, executive vice president, wealth management, at The Northumberland National Bank. “Adding to the jitters was the weaker-than-anticipated jobs report on Friday. Investors need to be calm and focused on the long term during these cycles. The good news is the U.S. economy remains fundamentally strong.”
This week is the final week of the competition. Students who participated and the teachers who advised them are invited to a grand finale at the Packer House on April 30 with a reception at 10:45 a.m., luncheon at 11:15 a.m. and program at 11:45 a.m.
“I’m looking forward to meeting many of the students and teachers at the awards luncheon on April 30,” said Frank Leto, publisher of The Daily Item. “This is a fun contest for the teams and The Daily Item is proud to be a sponsor.”
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