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| Economic Events |
| Existing-home sales grew for the second consecutive month in March, but lagging inventory levels and affordability constraints kept sales activity below year ago levels, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.1% to a seasonally adjusted annual rate of 5.60 million in March from 5.54 million in February. Despite last month’s increase, sales are still 1.2% below a year ago. |
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| Market Mirror |
Yesterday, the Dow was down 14.25 points (0.06%) at 24,448.69, the NASDAQ closed 17.52 points (0.25%) lower at 7,128.60, and the S&P 500 was virtually unchanged at 2,670.29. The Russell 2000 decreased 2.00 points (0.13%) to 1,562.12, and the Wilshire 5000 was up 11.80 points (0.04%) at 27,787.21. The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.974%. The price of the 10-year Treasury bond was up 2/32, decreasing its yield to 3.145%. |
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| Sponsored message from MetLife |
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| Compliance |
| Investment Firms Sued Over Kentucky Retirement Systems Hedge Fund Investments |
| The lawsuit alleges investment firms sold investments to KRS that were “extremely high-risk” and produced “excessive fees, poor returns and ultimately, losses.”Read more > |
| PBGC Modifies Forms and Instructions for Distress Terminations |
| Plan sponsors now have the opportunity to contact the agency for a pre-filing consultation to discuss the filing process and ensure the filing of a distress termination is appropriate given the sponsor’s specific circumstances.Read more > |
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| Small Talk |
| ON THIS DATE: In 1800, the Library of Congress was established with a $5,000 allocation. In 1833, a patent was granted for first soda fountain. In 1889, the Edison General Electric Company was organized. In 1897, William Price was named the first White House news reporter. In 1961, Sandy Koufax of the Los Angeles Dodgers struck out 18 batters becoming the first major-league pitcher to do so on two different occasions. In 1997, the U.S. Senate ratified the Chemical Weapons Convention. The global treaty banned the development, production, storage and use of chemical weapons. |
| TRIVIAL PURSUITS: When were proms introduced in high schools?Read more > |
| Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |
