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| Market Mirror | |
Yesterday, the Dow lost 85.34 points (0.47%) to finish at 17,949.59, the NASDAQ was up 19.50 points (0.39%) at 5,014.10, and the S&P 500 closed 3.11 points (0.15%) lower at 2,097.29. The Russell 2000 decreased by 0.77 (0.06%) to 1,264.15, and the Wilshire 5000 was down 23.49 points (0.11%) at 22,232.14.
On the NYSE, 3.2 billion shares changed hands, with a nearly even split between advancing and declining issues. On the NASDAQ, 2.8 billion shares traded, with a slight lead for decliners.
The price of the 10-year Treasury note was down 5/32, increasing its yield to 1.909%. The price of the 30-year Treasury bond decreased 13/32, bringing its yield up to 2.582%. | |
| Ask the Experts | |
| Will the DOL’s New Proposal Make Me a Fiduciary? | |
| “As an employee benefits manager for a large nonprofit hospital, I work with our plan consultants to put together investment recommendations for our Employee Retirement Income Security Act (ERISA) 403(b) plan to the plan’s fiduciary committee. I am not a named fiduciary for the plan (the named fiduciary is the committee), and I am not a member of that committee. I do not make any decisions regarding plan investments (or any other decisions regarding the plan, for that matter), and it is not the intent of my employer that I serve as a fiduciary. However, I have read that the Department of Labor (DOL) is tinkering with a more expansive definition of fiduciary, so I am concerned about my fiduciary status. Can the Experts shed any light on my situation?”Read more > | |
| Small Talk | |
| Millennials Surprised by Lack of Training at Work | |
| The “lack of company support for training and development” is the No. 1 most surprising aspect of work in the “real world” for Millennials, according to the national “Millennial Mindset Study” of 1,200 employed Millennials conducted by online training platform Mindflash. The Millennials surveyed advise college seniors to invest in their own skills training. Respondents shared areas in which they need help, skills in which they excel and which stereotypes about them are wrong.Read more > | |
| ON THIS DATE: In 1889, at noon, thousands of would-be settlers made a mad dash into the newly opened Oklahoma Territory to claim cheap land. In 1970, Earth Day, an event to increase public awareness of the world’s environmental problems, was celebrated in the United States for the first time. In 1976, Barbara Walters became first female nightly network news anchor. In 1978, the Blues Brothers—the not-quite-real, not-quite-fake musical creation of “Saturday Night Live” cast members Dan Aykroyd and John Belushi—made their television debut. In 1993, the U.S. Holocaust Memorial Museum was dedicated in Washington, D.C. In 1994, former President Richard M. Nixon died after suffering a stroke four days earlier. | |
| WEDNESDAY WISDOM: “Be pleasant until ten o’clock in the morning, and the rest of the day will take care of itself.” —Elbert Hubbard, American writer | |
| Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more > | |
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Copyright © Asset International, Inc., 2015. All rights reserved. No reproduction without prior authorization. |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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