|
April 4th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
|
|
|
| Economic Events |
Construction spending during February was estimated at a seasonally adjusted annual rate of $1,704.4 billion, 0.5% above the revised January estimate of $1,695.5 billion, the Census Bureau announced. The February figure is 11.2% above the February 2021 estimate of $1,533.3 billion. During the first two months of this year, construction spending amounted to $237.8 billion, 10.4% above the $215.4 billion for the same period in 2021.
Total nonfarm payroll employment rose by 431,000 in March, and the unemployment rate declined to 3.6%, according to the Bureau of Labor Statistics. Notable job gains continued in leisure and hospitality, professional and business services, retail trade, and manufacturing.
Today, the Census Bureau will report about factory orders for February. Thursday, the Labor Department will issue its initial claims report, and Freddie Mac will update average mortgage rates for the week. Friday, the Census Bureau will report about wholesale trade for February.
|
|
|
|
| Market Mirror |
Friday, the Dow gained 139.92 points (0.40%) to finish at 34,818.27, the Nasdaq closed 40.98 points (0.29%) higher at 14,261.50, and the S&P 500 was up 15.45 points (0.34%) at 4,545.86. The Russell 2000 increased 20.99 points (1.01%) to 2,091.11, and the Wilshire 5000 climbed 197.11 points (0.43%) to 45,803.78.
The price of the 10-year Treasury note was down 4/32, increasing its yield to 2.379%. The price of the 30-year Treasury bond increased 27/32, bringing its yield down to 2.431%.
For the week ending April 1, the Dow was down 0.12%, the Nasdaq climbed 0.65%, and the S&P 500 increased 0.06%. The Russell 2000 gained 0.63%, and the Wilshire 5000 finished 0.24% higher.
|
|
|
|
Events
|
|
2022 HSA Conference
|
Our HSA Conference is designed to educate plan sponsors that currently offer, or are considering offering, these accounts. Through various panel discussions and presentations, employers will see how best to offer this benefit. Topics to be discussed include: How HSAs operate; best practices in HSA provider selection and ongoing administration; how to boost employees’ knowledge, and use, of their benefit; and more. We understand how busy you are, so we are offering our four information-packed sessions over a two-day period, giving you the flexibility to manage your work along with this educational experience. Register today! 
|
|
|
|
|
Deals and People
|
|
Retirement Industry People Moves
|
|
Pentegra hires vice president of trust services; Multnomah Group expands team and client service capabilities; AIG announces rebrand of life and retirement business; and more.
|
|
|
|
|
ON THIS DATE: In 1841, President William Henry Harrison, at the age of 68, became the first president to die while in office. He had been sworn in only a month before he died of pneumonia. In 1887, Susanna M. Salter became mayor of Argonia, Kansas, making her the first woman mayor in the U.S. In 1902, British Financier Cecil Rhodes left $10 million in his will that would provide scholarships for Americans to Oxford University in England. In 1917, the Senate voted 90-6 to enter World War I. In 1932, after five years of research, professor C.G. King, of the University of Pittsburgh, isolated vitamin C. In 1949, twelve nations signed a treaty to create The North Atlantic Treaty Organization (NATO). In 1968, Martin Luther King Jr. was fatally shot while standing on the balcony outside his second-story room at the Lorraine Motel in Memphis, Tennessee. In 1969, Dr. Denton Cooley implanted the first temporary artificial heart. In 1973, the original World Trade Center twin towers opened in New York City. At the time they were the tallest buildings in the world. In 1974, Hank Aaron tied Babe Ruth’s major league baseball home-run record with 714. In 1981, Henry Cisneros became the first Mexican-American elected mayor of a major U.S. city, which was San Antonio, Texas.
|
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2024 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
