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April 27th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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SPONSORED BY: MassMutual
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Why COLI? Why MassMutual?
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Interview with Mark Laramee Managing Director of COLI Sales, Institutional Solutions 
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| Economic Events |
New orders for manufactured durable goods in March decreased $36.0 billion or 14.4% to $213.2 billion, the U.S. Census Bureau announced. This decrease, down following three consecutive monthly increases, followed a 1.1% February increase. Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders decreased 15.8%. Transportation equipment, down two of the last three months, led the decrease, $35.6 billion or 41.0% to $51.2 billion.
Tomorrow, the Conference Board will release its Consumer Confidence Index for April. Thursday, the Department of Labor will issue its initial claims report, and Friday, the Census Bureau will report about construction spending in March.
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| Market Mirror |
Friday, the Dow rose by 260.01 points (1.11%) to close at 23,775.27, the NASDAQ gained 139.77 points (1.65%) to finish at 8,634.52, and the S&P 500 was up 38.94 points (1.39%) at 2,836.74. The Russell 2000 was up 18.99 points (1.56%) to reach 1,233.05, and the Wilshire 5000 gained 387.09 points (1.38%) for a 28,483.89 close.
The price of the 10-year Treasury note was up 1/32, lowering its yield to 0.606%, and the price of the 30-year Treasury bond was up 4/32, lowering its yield to 1.177%.
For the week ending April 24, the Dow declined 1.93%, the S&P 500 was off by 1.32%, and the NASDAQ ticked downward by 0.18%. The Russell 2000 inched upwards by 0.32, but the Wilshire 5000 was down 0.96%.
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Products
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In-Plan Annuity Market Slowly Takes Shape
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Retirement plan providers are striving to implement new ideas and capabilities made possible by the SECURE Act even as they grapple with the challenges of a pandemic. 
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Retirement Industry People Moves
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The Wagner Law Group launches Bankruptcy and Restructuring practice; Alight Solutions announces new CEO; Holland & Knight implements Employment Law team; and more.
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ON THIS DATE: In 1822, Ulysses S. Grant, Civil War leader and 18th president of the United States, was born. In 1861, West Virginia seceded from Virginia after Virginia seceded from the Union during the Civil War. In 1897, Grant’s Tomb was dedicated. In 1965, “Pampers” were patented by R.C. Duncan. In 1989, student protestors took over Tiananmen Square in Beijing. In 2006, construction began on the 1,776-foot One World Trade Center on the site of former World Trade Center.
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