|
April 8th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
Benefits
|
|
Labor Economist Says 401(k) Era Is Ending
|
 |
Kathryn Edwards, a labor economist and TikTok star, extolled the value of thrift savings plans and examined the status of Social Security in a recent webinar. 
|
|
|
|
|
|
|
|
| ECONOMIC EVENTS |
Total nonfarm payroll employment rose by 303,000 in March, and the unemployment rate dropped to 3.8%, the Bureau of Labor Statistics reported. Job gains occurred in health care, government and construction.
Wednesday, the Bureau of Labor Statistics will report the consumer price index for March. Thursday, the Department of Labor will issue its weekly initial jobless claims report, Freddie Mac will update average mortgage rates for the week and the Bureau of Labor Statistics will report the producer price index for March.
|
|
|
|
| MARKET MIRROR |
Friday, the Dow rose 307.06 points (0.80%) to close at 38,904.04, the Nasdaq rose 199.44 points (1.24%) to close at 16,248.52 and the S&P 500 rose 57.13 points (1.11%) to close at 5,204.34. The Russell 2000 rose 9.64 points (0.47%) to close at 2,063.47, and the FT Wilshire 5000 Index rose 556.89 points (1.08%) to close at 52,338.15.
The 10-year Treasury note fell 29/32, bringing the yield to 4.405%. The 30-year Treasury bond fell 1 3/32, bringing the yield to 4.556%.
For the week ending April 5, the Dow fell 2.27 %, the Nasdaq fell 0.80% and the S&P 500 fell 0.95%. The Russell 2000 fell 2.87%, and the FT Wilshire 5000 Index ended 1.09% lower.
|
|
|
|
DEALS AND PEOPLE
|
|
Retirement Industry People Moves
|
|
LeafHouse promotes Hendrix to executive VP of corporate strategy; adviser DeBello joins CAPTRUST; NEPC Hires O’Connor to head DC as Ryan is promoted to team lead; and more.
|
|
|
EVENTS
|
|
PLANSPONSOR HSA Conference 2024
|
|
Health savings accounts offer an opportunity to meet employees’ health care coverage, financial wellness and retirement readiness needs. As employers are thinking about benefits changes for the next open enrollment, now is the time to consider the role HSAs can play in meeting plan sponsor and participant goals. Join the PLANSPONSOR Health Savings Account Livestream, April 10 to April 11.
|
|
|
|
|
ON THIS DATE: In 1912, Sonja Henie, a Norwegian American figure skater who won the world amateur championship for women in 10 consecutive years from 1927 to 1936 and three gold medals in the Winter Olympic Games in 1928, 1932 and 1936 was born. In 1913, the 17th Amendment, which called for the direct election of U.S. senators by voters of the states, was ratified. In 1920, Venus de Milo, an ancient statue commonly thought to represent Aphrodite, was found in pieces on the Aegean island of Melos; it was later reconstructed and put on display in the Louvre, Paris. In 1941, British fashion designer Vivienne Westwood—who, with her partner, Malcolm McLaren, extended the influence of the 1970s punk music movement into fashion—was born. In 1950, Prime Minister of India Jawaharlal Nehru concluded the Delhi Pact with Liaqat Ali Khan of Pakistan, providing for the safe passage of refugees displaced after the two countries severed economic relations in December 1949. In 1973, Pablo Picasso died at age 91. In 1974, baseball player Hank Aaron hit his 715th career home run—breaking Babe Ruth’s record, which had stood since 1935—and in 1976 completed his career with 755 home runs. In 1979, the final episode of television series, “All in the Family” aired on CBS; one of TV’s most successful sitcoms, it was known for its frank and satirical treatment of such topics as race, gender sex, and bigotry. In 1990, Ryan White, who became a national symbol in the U.S. after he contracted AIDS from a blood transfusion given to treat his hemophilia, died at age 18. The same year, the first episode of television series, “Twin Peaks” aired on television, and it won critical acclaim and a cult following with its unconventional narrative, surreal tone and eerie characters. In 2013, British politician Margaret Thatcher, the U.K’s (and Europe’s) first woman prime minister from 1979 to 1990 and the only British prime minister in the 20th century to win three consecutive terms, died at age 87.
|
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2025 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
