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April 20th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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| Economic Events |
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Tomorrow, the National Association of Realtors will report about existing home sales for March. Thursday, the Census Bureau will report about new home sales for March, and the Labor Department will release its initial claims report. Friday, the Census Bureau will report about durable goods orders for March.
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| Market Mirror |
Friday, the Dow gained 704.81 points (2.99%) to finish at 24,242.49, the NASDAQ was up 117.78 points (1.38%) at 8,650.14, and the S&P 500 increased 75.01 points (2.68%) to 2,874.56. The Russell 2000 climbed 51.01 points (4.33%) to 1,229.10, and the Wilshire 5000 closed 775.29 points (2.77%) higher at 28,760.24.
The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.649%. The price of the 30-year Treasury bond fell 1 4/32, bringing its yield up to 1.270%.
For the week ending April 17, the Dow increased 2.21%, the NASDAQ climbed 6.09%, and the S&P 500 gained 3.04%. The Russell 2000 was down 1.41%, and the Wilshire 5000 finished 2.94% higher.
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Deals and People
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Retirement Industry People Moves
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SLC Management expands fixed income team; SS&C Technologies names VP for retirement plan administration team; Office leader joins Mercer Northern California division; and more. 
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ON THIS DATE: In 1777, the first New York state constitution was formally adopted by the Convention of Representatives of the State of New York. In 1836, the territory of Wisconsin was created by Congress. In 1871, with passage of the Third Force Act, popularly known as the Ku Klux Act, Congress authorized President Ulysses S. Grant to declare martial law, impose heavy penalties against terrorist organizations and use military force to suppress the Ku Klux Klan (KKK). In 1902, Marie and Pierre Curie successfully isolated radioactive radium salts from the mineral pitchblende in their laboratory in Paris. In 1912, Fenway Park opened as the home of the Boston Red Sox. In 1945, during World War II, Allied forces took control of the German cities of Nuremberg and Stuttgart. In 1953, Operation Little Switch began in Korea. It was the exchange of sick and wounded prisoners of war. Thirty Americans were freed. In 1961, FM stereo broadcasting was approved by the FCC. In 1971, the U.S. Supreme Court upheld the use of busing to achieve racial desegregation in schools. In 1980, the Castro regime announced that all Cubans wishing to emigrate to the U.S. were free to board boats at the port of Mariel west of Havana, launching the Mariel Boatlift. In 1999, two teenage gunmen killed 13 people in a shooting spree at Columbine High School in Littleton, Colorado. In 1999, Jane Seymour received a star on the Hollywood Walk of Fame.
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