|
August 28th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
|
|
|
| ECONOMIC EVENTS |
|
The Conference Board Consumer Confidence Index rose in August to 103.3, from an upwardly revised 101.9 in July. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—improved to 134.4 from 133.1 in July. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—also improved in August to 82.5. As the Expectations Index for July was revised up to 81.1, August marked the second consecutive month of the index above 80. (A reading below the threshold of 80 usually signals a recession ahead.)
|
|
|
|
| MARKET MIRROR |
Tuesday, the Dow rose 9.98 points (0.02%) to close at 41,250.50, the Nasdaq rose 29.06 points (0.16%) to close at 17,754.82 and the S&P 500 rose 8.96 points (0.16%) to close at 5,625.80. The Russell 2000 fell 14.93 points (0.67%) to close at 2,203.00, and the FT Wilshire 5000 Index rose 49.30 points (0.09%) to close at 56,310.41.
The 10-year Treasury note decreased 1/32, bringing the yield to 3.828%. The 30-year Treasury bond decreased 2/32, bringing the yield to 4.117%.
|
|
|
|
|
|
SURVEYS
|
|
Our 2024 DC Survey is Now Open!
|
Are you curious about how your retirement plan stacks up against others in your industry? Join the thousands of defined contribution plan sponsors that participate in the annual PLANSPONSOR DC Survey and gain access to a free industry report, offering comprehensive benchmarking data that can guide your plan design and investing and financial wellness strategies. 
|
|
|
|
|
ON THIS DATE: In 1914, the first major engagement of the British and German navies during World War I occurred at the Battle of Helgoland Bight. In 1963, some 200,000 people marched on Washington, D.C. an event that became a high point of the civil rights movement, especially remembered for the famous “I Have a Dream” speech by Martin Luther King, Jr. In 1968, protests at the 1968 Democratic National Convention—fueled, in part, by opposition to the Vietnam War—culminated in the so-called Battle of Michigan Avenue, a violent confrontation between demonstrators and police. In 1993, the spacecraft Galileo took pictures of the asteroid Ida. In 1996, the 15-year marriage of Charles, prince of Wales, and Diana, princess of Wales, ended as a final divorce decree was issued. In 2014, American spy John Walker, a U.S. Navy communications specialist who passed classified documents to Soviet agents for nearly two decades before being caught, died in prison at age 77. In 2020, actor Chadwick Boseman, who had iconic roles in such movies as “Black Panther,” died from colon cancer age 43.
|
|
|
| Industry Intel Roundup—Featured White Paper | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring white papers offering key insights and analysis about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. | | | | |
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
|
|
|
|
