| | Financial Wellness Decreases After Years of Improvement | | Employee financial wellness is on a decline after several years of improvement in many areas, according to PwC’s 2016 Employee Financial Wellness Survey. Recent market volatility, continued wage stagnation and an election year are just a few of the factors that may be contributing to less-certain feelings about money. According to PwC’s survey, employees’ top financial concern is not having enough emergency savings for unexpected expenses, which rose 4% this year from 51% in 2015 to 55%. “They just don’t have enough savings liquidity to withstand another downturn,” Kent Allison, partner and national practice leader at PwC, tells PLANSPONSOR.Read more > | | | Market Mirror | Major U.S. stocks indices closed higher, led by a recovery in the energy sector, the Associated Press reports. The Dow gained 106.70 points (0.60%) to finish at 18,004.16, the NASDAQ closed 21.80 points (0.44%) higher at 4,960.02, and the S&P 500 increased 13.18 points (0.63%) to 2,093.91. The Russell 2000 was up 8.35 points (0.74%) at 1,139.27, and the Wilshire 5000 climbed 123.52 points (0.58%) to 21,587.05.
On the NYSE, 3.1 billion shares traded, with advancing issues outnumbering declining issues nearly 3 to 1. On the NASDAQ, 2.7 billion shares changed hands, with a near 2 to 1 lead for advancers.
The price of the 10-year Treasury note was down 5/32, increasing its yield to 1.771%. The price of the 30-year Treasury bond decreased 12/32, bringing its yield up to 2.580%. | | | Sponsored message from Fidelity Brokerage Services, LLC NYSE, SIPC. | A New Investing Experience
Investing can be bumpy, especially for those investing on their own.Read more > | | | Compliance | | DOL to Host Several Fiduciary Responsibilities Seminars | | The Department of Labor’s Employee Benefits Security Administration (EBSA) is hosting five fiduciary responsibilities seminars from May through August, in locations across the country.Read more > | | Fiduciary Rule Action Steps for Plan Sponsors | | The final fiduciary rule is aimed at advisers, but plan sponsors will be affected by changing relationships with providers, communication to participants and more.Read more > | | | Small Talk | | ON THIS DATE: In 1764, the English Parliament banned the American colonies from printing paper money. In 1775, the American Revolution began as fighting broke out at Lexington, Massachusetts. In 1861, Thaddeus S. C. Lowe sailed 900 miles in nine hours in a hot air balloon from Cincinnati, Ohio, to Unionville, South Carolina. In 1897, the first annual Boston Marathon was held. In 1933, U.S. President Franklin D. Roosevelt issued a proclamation that removed the U.S. from the gold standard. In 1939, Connecticut approved the Bill of Rights for the U.S. Constitution after 148 years. In 1958, the San Francisco Giants and the Los Angeles Dodgers played the first major league baseball game on the West Coast. In 1960, baseball uniforms began displaying players’ names on their backs. In 1977, Alex Haley received a special Pulitzer Prize for his book “Roots.” In 1982, NASA named Sally Ride the first woman astronaut, and Guion S. Bluford, Jr. as the first African-American astronaut. In 1993, the Branch-Davidian compound in Waco, Texas, burned to the ground. It was the end of a 51-day standoff between the cult and U.S. federal agents; 86 people were killed including 17 children. Nine of the Branch Davidians escaped the fire. In 1994, a Los Angeles jury awarded $3.8 million to Rodney King for violation of his civil rights. In 1995, the Alfred P. Murrah Federal Building in Oklahoma City, Oklahoma, was destroyed by a bomb; 168 people were killed including 19 children, and 500 were injured. | | TRIVIAL PURSUITS: I read an article that suggested the Treasury is no longer going to replace Alexander Hamilton’s picture on the $10 bill, thanks to the success of the Broadway musical “Hamilton.” I looked into the history of the $10 bill, and discovered some interesting counterfeiting security measures included in its redesign in 2006. Do you know all of the security measures?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 > |
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