| | Economic Events | | THE ECONOMIC WEEK AHEAD: Tomorrow, the Conference Board will release its Consumer Confidence Index for April. Wednesday, the Census Bureau will report about construction spending for March. Thursday, the Labor Department will release its initial claims report, and the Census Bureau will report about factory orders for March. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for April. | | | Market Mirror | Friday, the Dow was up 81.25 points (0.31%) at 26,543.33, the NASDAQ increased 27.72 points (0.34%) to 8,146.40, and the S&P 500 closed 13.71 points (0.47%) higher at 2,939.88. The Russell 2000 gained 16.20 points (1.03%) to finish at 1,591.82, and the Wilshire 5000 climbed 162.52 points (0.54%) to 30,371.15. The price of the 10-year Treasury note was up 9/32, decreasing its yield to 2.503%. The price of the 30-year Treasury bond increased 10/32, bringing its yield down to 2.926%. WEEK’S WORTH: For the week ending April 26, the Dow was down 0.06%, the NASDAQ climbed 1.85%, and the S&P 500 increased 1.20%. The Russell 2000 gained 1.67%, and the Wilshire 5000 finished 1.30% higher. | | | Compliance | | Parties in Dignity Health Church Plan Lawsuit Announce Agreement to Settle | | The case made it to the Supreme Court, which ruled plans maintained by principal-purpose organizations can qualify as “church plans;” however, it did not rule that the hospital was a principal-purpose organization.Read more > | | Appellate Court Affirms City National’s Liability in Self-Dealing Suit | | However, the 9th U.S. Circuit Court of Appeals did remand back to a district court the calculation of interest on the $7,367,382.13 in damages awarded.Read more > | | | Small Talk | | ON THIS DATE: In 1813, rubber was patented by J.F. Hummel. In 1852, the first edition of Peter Roget’s Thesaurus was published. In 1854, by an act of the Pennsylvania legislature, Ashmun Institute, the first college founded solely for African-American students, was officially chartered. In 1945, the Nazi death camp, Dachau, was liberated. In 1975, the U.S. embassy in Vietnam was evacuated as North Vietnamese forces fought their way into Saigon. In 1992, riots erupted in Los Angeles after police officers were acquitted in the Rodney King beating trial. In 2004, the National World War II Memorial opened in Washington, D.C. In 2011, Great Britain’s Prince William marries his longtime girlfriend Catherine Elizabeth “Kate” Middleton at Westminster Abbey in London. | | SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “How much do you use articles in trade publications to inform decisions about your plan?” More than two in 10 (21%) of responding readers reported they use articles in trade publications to inform decisions about their plan very much. Close to one-third (31.6%) use trade publications somewhat to inform plan decisions, while more than one-quarter (26.3%) indicate they use them a little. More than 10% said they rarely use articles in trade publications to inform decisions about their plan, and the same percentage (10.5%) indicated they do not use them at all. Many respondents who chose to leave comments said articles in trade publications can be a good source for informing plan decisions, but many accurately noted that they should be considered along with other things (such as the help of a consultant) when actually making plan decisions. Some said one must consider the qualifications of the author as well as the purpose of the article. There is no Editor’s Choice this week. Thanks to all who participated in the survey!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 > |
|
