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April 27th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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| Economic Events |
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New orders for manufactured durable goods in March increased $1.4 billion or 0.5% to $256.3 billion, the Census Bureau announced. This increase, up ten of the last eleven months, followed a 0.9% February decrease. Excluding transportation, new orders increased 1.6%. Excluding defense, new orders increased 0.5%. Fabricated metal products, up six of the last seven months, led the increase, $1.2 billion or 3.6% to $35.4 billion.
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| Market Mirror |
Yesterday, the Dow was down 61.92 points (0.18%) at 33,981.57, the Nasdaq closed 121.96 points (0.87%) higher at 14,138.78, and the S&P 500 was up 7.45 points (0.18%) at 4,187.62. The Russell 2000 gained 26.15 points (1.15%) to finish at 2,298.01, and the Wilshire 5000 increased 17474 points (0.40%) to 44,050.02.
The price of the 10-year Treasury note decreased 22/32, bringing its yield up to 1.572%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.245%.
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ON THIS DATE: In 1521, Portuguese explorer Ferdinand Magellan was killed by natives in the Philippines. 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 American Civil War. In 1897, Grant’s Tomb was dedicated. In 1938, Geraldine Apponyi married King Zog of Albania. She was the first American woman to become a queen. In 1956, world heavyweight champ Rocky Marciano retired from boxing at age 31, saying he wanted to spend more time with his family. In 1960, the submarine Tullibee was launched from Groton, Connecticut. It was the first sub to be equipped with closed-circuit television. In 1965, “Pampers” were patented by R.C. Duncan. In 1983, Nolan Ryan (Houston Astros) broke a 55-year-old major league baseball record when he struck out his 3,509th batter of his career. In 1989, student protestors took over Tiananmen Square in Beijing. In 2006, in New York City, construction began on the 1,776-foot One World Trade Center on the site of former World Trade Center.
No TUESDAY TRIVIA this week.
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