|
April 8th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
Market Mirror |
Wednesday, the Dow was up 16.02 points (0.05%) at 33,446.26, the Nasdaq was down 9.54 points (0.07%) at 13,688.84, and the S&P 500 increased 6.01 points (0.15%) to 4,079.95. The Russell 2000 closed 36.10 points (1.60%) lower at 2,223.05, and the Wilshire 5000 decreased 36.78 points (0.09%) to 42,778.86.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.665%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 2.356%.
|
|
|
|
Opinions
|
Public Pension Plans Are Thirsty for Liquidity
|
Charles Millard, a senior adviser at Amundi US and former director of the PBGC, explains why plan sponsors must resist the temptation to skip pension contributions in these difficult times.
|
|
Events
|
Plan Progress Webinar: Evaluating Guaranteed Income Products
|
Join PLANSPONSOR and retirement industry sources for a discussion about the types of guaranteed income products available for sponsors of DC plans; what plan and participant data to take into consideration to select the most appropriate guaranteed income product; and elements of guaranteed income products to evaluate when selecting one.
|
|
|
ON THIS DATE: In 1513, explorer Juan Ponce de Leon claimed Florida for Spain. In 1789, the House of Representatives held its first meeting. In 1935, Congress voted to approve the Works Progress Administration (WPA), a central part of President Franklin D. Roosevelt’s New Deal. In 1946, the League of Nations assembled in Geneva for the last time. In 1953, the bones of Sitting Bull were moved from North Dakota to South Dakota. In 1974, Hank Aaron of the Atlanta Braves hit his 715th career home run, breaking Babe Ruth’s record of 714. In 1993, the space shuttle Discovery lifted off from the Kennedy Space Center with astronaut Ellen Ochoa on board. She was the first Hispanic woman to go into space. In 1975, Frank Robinson of the Cleveland Indians became first black manager of a major league baseball team.
|
|
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!
|
|
|