A team from Milton Area High School took the lead over Lewisburg Area in the fourth week of the Stock Market Challenge.
Lewisburg teams had dominated both the high school and middle school divisions for the first three weeks of the 10-week competition.
In the previous week, Lewisburg had a lead over Milton by $3,000 in earnings, but in the past week, the Milton team gained $14,000 and Lewisburg went up $11,000.
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, this year operated by the Pennsylvania Council of Financial Literacy. The Northumberland National Bank and The Daily Item are again sponsoring the competition.
A team from Selinsgrove Area remains in the top rankings but ended the week in fourth instead of third place.
Adviser Daniel Frake said his students are enthusiastic about the game.
“Our Money Talks group is tracking a class portfolio of stocks, mutual funds, and ETFs,” he said in an emailed comment. “Each day at the beginning of class, we update to see how each individual student’s investment choice is performing. We are comparing our class portfolio to the S&P 500 as a benchmark. Students then take their How the Market Works challenge as well.
“Students are constantly asking me outside of class, how’s the stock market doing today? How’s your portfolio? Excitement is at an all time high.”
Mark Ritter, executive vice president-wealth management at The Northumberland National Bank, said, “Volatility continued to be the story in the equity markets this week.”
He added, “Stock traders are digesting the impact of higher interest rates, particularly following the Fed chairman’s testimony before Congress this week. Exacerbating the level of uncertainty in the markets was President Trump’s comments on Thursday regarding tariffs on steel and aluminum.”
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