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April 19th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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| Economic Events |
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,739,000, the Census Bureau reported. This is 19.4% above the revised February estimate of 1,457,000 and is 37.0% above the March 2020 rate of 1,269,000. Single-family housing starts in March were at a rate of 1,238,000; this is 15.3% above the revised February figure of 1,074,000. The March rate for units in buildings with five units or more was 477,000.
Thursday, the Labor Department will issue its initial claims report and the National Association of Realtors will report about existing home sales in March. Friday, the Census Bureau will report about new home sales in March.
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| Market Mirror |
Friday, the Dow climbed 164.68 points (0.48%) to 34,200.67, the Nasdaq was up 13.58 points (0.10%) at 14,052.34, and the S&P 500 gained 15.05 points (0.36%) to finish at 4,185.47. The Russell 2000 increased 5.60 points (0.25%) to 2,262.67, and the Wilshire 5000 closed 118.69 points (0.27%) higher at 43,887.92.
The price of the 10-year Treasury note and the 30-year Treasury bond each were down 1/32, increasing their yields to 1.591% and 2.281%, respectively.
For the week ending April 16, the Dow finished 1.18% higher, the Nasdaq increased 1.09%, and the S&P 500 gained 1.37%. The Russell 2000 was up 0.89%, and the Wilshire 5000 climbed 1.39%.
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ON THIS DATE: In 1775, the American Revolution began at the Battle of Lexington. In 1892, the Duryea gasoline buggy was introduced in the U.S. by Charles and Frank Duryea. In 1897, John J. McDermott of New York won the first Boston Marathon with a time of 2:55:10. In 1933, President Franklin D. Roosevelt issued a proclamation that removed the U.S. from the gold standard. In 1943, in Warsaw, Poland, Nazi forces attempting to clear out the city’s Jewish ghetto were met by gunfire from Jewish resistance fighters, and the Warsaw Ghetto Uprising began. In 1958, the San Francisco Giants and the Los Angeles Dodgers played the first major league baseball game on the West Coast. In 1967, Surveyor 3 landed on the moon and began sending photos back to the U.S. In 1977, Alex Haley received a special Pulitzer Prize for his book “Roots.” In 1982, NASA named Sally Ride to be first woman astronaut and named Guion S. Bluford Jr. as the first African-American astronaut. In 1995, a massive truck bomb exploded outside the Alfred P. Murrah Federal Building in Oklahoma City, Oklahoma.
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