|
Market Mirror |
Yesterday, the Dow was down 54.24 points (0.28%) at 19,097.90, the NASDAQ closed 30.11 points (0.56%) lower at 5,368.81, and the S&P 500 decreased 11.63 points (0.53%) to 2,201.72. The Russell 2000 fell 17.38 points (1.29%) to 1,329.82, and the Wilshire 5000 lost 138.95 points (0.60%) to finish at 23,029.28.
On the NYSE, 3.1 billion shares traded, with declining issues outnumbering advancing issues nearly 2 to 1. On the NASDAQ, 2.9 billion shares changed hands, with a more than 2 to 1 lead for decliners.
The price of the 10-year Treasury note was up 13/32, decreasing its yield to 2.312%. The price of the 30-year Treasury bond increased 22/32, bringing its yield down to 2.974%.
|
|
Sponsored message from SmartDollar |
Emotions and Finances: Employees Are Scared or Confused About Money
American workers feel scared or confused about their personal finances, and that’s harming business.
Read more > |
|
Compliance |
Wells Fargo 401(k) Suit Challenges Use of Proprietary TDFs |
The lawsuit accuses the bank of using an “easy enroll” feature to funnel funds into its TDFs, which it says charge too much. Read more > |
IRS Proposes Updates for DB Plan Distributions |
The proposed regulations would provide guidance
about changes made by the Pension Protection Act of 2006 to the minimum present
value requirements applicable to certain defined benefit pension plans.Read more > |
|
Investing |
Millennials Driving Interest in ESG Investments |
A survey found Millennials (ages 18 to 35) are
more likely to place greater importance on ESG factors than other investors
(ages 36 and older). According to the Schroders Global Investor Study 2016,
which surveyed 20,000 end investors in 28 countries, the Millennial generation
ranked ESG factors as equally important as investment outcomes when considering
investments decisions.
Read more > |
|
Small Talk |
ON
THIS DATE: In 1864,
the Sand Creek Massacre occurred in Colorado when a militia led by Colonel John
Chivington, kil.led at least 400 peaceful Cheyenne and Arapaho Indians who had
surrendered and had been given permission to camp. In 1890, Navy defeated Army by a score of 24-0 in the first Army-Navy
football game. In 1892, a patent was
issued to Almon Brown Strowger for the rotary dial. In 1929, the first airplane flight over the South Pole was made by
U.S. Navy Lt. Commander Richard E. Byrd. In 1961, the Mercury-Atlas 5
spacecraft was launched by the U.S. with Enos the chimp on board. The craft
orbited the earth twice before landing off Puerto Rico. In 1963, U.S. President Lyndon Johnson named a commission headed by
Earl Warren to investigate the assassination of President John Kennedy. In 1975, Bill Gates adopted the name
Microsoft for the company he and Paul Allen had formed to write the BASIC
computer language for the Altair. In 1986,
actor Cary Grant died at the age of 82. In 1994,
the U.S. House passed the revised General Agreement on Tariffs and Trade. In 2004, Godzilla received a star on the
Hollywood Walk of Fame.
|
TRIVIAL PURSUITS:
The famous Hollywood sign in California did not originally say “Hollywood.”
What did the Hollywood sign originally say?Read more > |
Share the good news with a friend! Pass the NewsDash along—and tell your
friends/associates they can sign up for their own copy.
Read more > |