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August 25th, 2022
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 July decreased less than $0.1 billion to $273.5 billion, the U.S. Census Bureau reported. This decrease, following four consecutive monthly increases, followed a 2.2% June increase. Excluding transportation, new orders increased 0.3%. Excluding defense, new orders increased 1.2%. Transportation equipment, down following three consecutive monthly increases, drove the decrease, falling $0.6 billion or 0.7% to $93.0 billion.
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| MARKET MIRROR |
Wednesday, the Dow was up 59.64 points (0.18%) to close at 32,969.23, the Nasdaq increased 50.23 points (0.41%) to 12,431.53 and the S&P 500 was up 12.04 points (0.29%) to 4,140.77. The Russell 2000 extended 16.14 points (0.84%) to close at 1,935.29 and the Wilshire 5000 increased 171.30 points (0.42%) to 41,395.70.
The price of the 10-year Treasury note decreased 27/32 bringing the yield up to 3.112%. The price of the 30-year Treasury bond decreased 1 23/32 bringing the yield up to 3.317%.
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ON THIS DATE: In 1718, hundreds of colonists from France arrived in Louisiana with some settling in present-day New Orleans. In 1814, the U.S. Library of Congress was destroyed by British forces. In 1825, Uruguay declared independence from Brazil. In 1916, the National Park Service was established as part of the U.S. Department of the Interior by President Woodrow Wilson when he signed the Organic Act. In 1920, Ethelda Bleibtrey won the 100-meter freestyle swimming competition in Antwerp, Belgium. She was the first woman to win an Olympic competition for the U.S. In 1939, The Wizard of Oz, which became one of the best-loved movies in history, opened in theaters around the U.S. In 1944, some two months after the Allied invasion of Normandy, Paris was liberated from German occupiers as the Free French 2nd Armored Division under General Jacques-Philippe Leclerc entered the city. In 2012, astronaut Neil Armstrong—who was the first person to set foot on the Moon, an event he described as “one small step for [a] man, one giant leap for mankind”—died at age 82.
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