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April 21st, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Market Mirror |
Yesterday, the Dow fell 592.05 points (2.44%) to 23,650.44, the NASDAQ was down 89.41 points (1.03%) at 8,560.73, and the S&P 500 lost 51.40 points (1.79%) to finish at 2,823.26. The Russell 2000 decreased 15.75 points (1.28%) to 1,213.35, and the Wilshire 5000 closed 473.98 points (1.65%) lower at 28,286.25.
The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.627%. The price of the 30-year Treasury bond increased 31/32, bringing its yield down to 1.231%.
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Compliance
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Putnam Settles Self-Dealing ERISA Challenge
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Under the terms of the proposed settlement, Putnam will pay a gross settlement of $12.5 million into a common fund for the benefit of settlement class, which numbers at approximately 6,000.
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ON THIS DATE: In 753 BC, according to tradition, Rome was founded. In 1789, John Adams was sworn in as the first U.S. vice president. In 1836, General Sam Houston defeated Santa Anna at the Battle of San Jacinto. This battle decided the independence of Texas. In 1862, Congress established the U.S. Mint in Denver, Colorado. In 1918, German fighter ace Manfred von Richthofen, “The Red Baron,” was shot down and killed during World War I. In 1973, the song by Tony Orlando and Dawn, “Tie a Yellow Ribbon Round the Ole Oak Tree,” topped the U.S. pop charts and became the cultural symbol for support loved ones absent because of war. In 1977, “Annie” opened on Broadway. In 1989, six days after the death of Hu Yaobang, the deposed reform-minded leader of the Chinese Communist Party, some 100,000 students gathered at Beijing’s Tiananmen Square to commemorate Hu and voice their discontent with China’s authoritative communist government. In 2016, Prince, the legendary entertainer who created more than 30 albums and won seven Grammy Awards over a 40-year career, was found dead in Paisley Park, his Minnesota home and recording studio.
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