A team from the Lewisburg Area School District is again in the lead in the middle school division after the seventh week of the Stock Market Challenge.
A team from Our Lady of Lourdes took the lead from Lewisburg Area the previous week but this week lost $32,000 in earnings to drop to third. Lewisburg moved back into first despite dropping $11,000 in earnings.
A Lewisburg Area team still holds the high school division lead after gaining $15,000 last week.
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, operated by the Pennsylvania Council of Financial Literacy. The Northumberland National Bank and The Daily Item are sponsoring the competition.
Most weeks, the teams of students on the leader board produce gains in earnings. But in this past week, several teams on the board saw a drop in earnings.
“Stock market volatility spiked (last) week due to uncertainty and concern about the impact of proposed tariffs, higher interest rates and indications from the Fed that they could become more aggressive in raising interest rates in the future,” explained Mark A. Ritter, executive vice president, wealth management, at The Northumberland National Bank. “Reports of social media information being used to influence U.S. elections had a significant negative impact on the technology sector throughout the week.”
Three weeks remain in the competition. Students who participated in the program as well as 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.
“The event is a celebration for those that learned and recognition of those that had the strongest performance,” said Alan Dakey, PennCFL president.
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