A team from Milton Area High School made a big push and increased its earnings by $180,000 to move the school from fifth place to first and take over the lead over Lewisburg Area in the eighth week of the Stock Market Challenge.
That increase gave Milton a total portfolio of $310,533.08, according to results provided by Carolyn Shirk, of the Pennsylvania Council of Financial Literacy, which runs the Stock Market Challenge. Lewisburg went up $13,000 for a total portfolio of $206,973.76
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. The Northumberland National Bank and The Daily Item are sponsoring the competition.
“This week marked the end of a quarter that saw the start of the long-anticipated correction and the return of volatility in the equity markets,” said Mark A. Ritter, executive vice president, wealth management, at The Northumberland National Bank. “The U.S. economy continues to be strong with most market watchers anticipating healthy growth for the next 18 to 24 months. It is an exciting time for investors.”
In other changes in the high school division, Northumberland Christian School lost $12,000 in earnings and the school dropped from second to fourth place, and Selinsgrove Area went down $5,000, to move the school from fourth to fifth place.
There was little movement in the middle school division, other than a Midd-West team moving the school from sixth to fourth place and Milton Area dropping from fourth to sixth place.
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