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April 20th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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| Market Mirror |
Yesterday, the Dow closed 123.04 points (0.36%) lower at 34,077.63, the Nasdaq lost 137.58 points (0.98%) to finish at 13,914.77, and the S&P 500 was down 22.21 points (0.53%) at 4,163.26. The Russell 2000 decreased 30.67 points (1.36%) to 2,232.00, and the Wilshire 5000 fell 299.45 points (0.68%) to 43,588.47.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.600%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 2.303%.
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Compliance
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Kimberly-Clark Hit With Excessive Fee Lawsuit
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The suit mainly takes issue with an alleged failure to solicit competitive bids for retirement plan services and the use of what it calls ‘cobbled-together services from many providers.’ 
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ON THIS DATE: In 1836, the U.S. territory of Wisconsin was created by Congress. 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 1940, the first electron microscope was demonstrated by RCA. In 1961, FM stereo broadcasting was approved by the FCC. In 1971, the U.S. Supreme Court unanimously declared that busing for the purposes of desegregation is constitutional. In 1972, the manned lunar module from Apollo 16 landed on the moon. 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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