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December 11th, 2019
Insight on Plan Design & Investment Strategy Every Weekday
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| Market Mirror |
Tuesday, the Dow closed 27.88 points (0.10%) lower at 27,881.72, the NASDAQ was down 5.64 points (0.07%) at 8,616.18, and the S&P 500 decreased 3.44 points (0.11%) to 3,132.52. The Russell 2000 was up 2.10 points (0.13%) at 1,631.71, and the Wilshire 5000 finished 27.25 points (0.09%) lower at 31,921.95.
The prices of the 10-year Treasury note and the 30-year Treasury bond were each down 2/32, increasing their yields to 1.839% and 2.266%, respectively.
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Compliance
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Officials Issue New Items for DB Plan Sponsors
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The PBGC has issued a final rule regarding pension plans undergoing distress or involuntary termination, and the OSFI has released a form for contribution schedule reporting. 
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ON THIS DATE: In 1719, the first recorded sighting of the aurora borealis took place in New England. In 1769, Edward Beran of London patented venetian blinds. In 1816, Indiana was admitted to the Union as the 19th American state. In 1872, Pinckney Benton Stewart Pinchback became America’s first black governor when he took office as acting governor of Louisiana. In 1930, the Bank of the United States in New York failed. In 1941, Germany and Italy declared war on the United States. The U.S in turn declared war on the two countries. In 1946, the United Nations International Children’s Emergency Fund (UNICEF) was established by the U.N. General Assembly. The fund provides relief to children in countries devastated by war. In 1951, Joe DiMaggio (New York Yankees) announced his retirement from major league baseball. In 1981, Muhammad Ali fought his last fight. In 1985, General Electric Company agreed to buy RCA Corporation for $6.3 billion. Also included in the deal was NBC Radio and Television. In 1998, scientists announced that they had deciphered the entire genetic blueprint of a tiny worm. In 1998, Majority Republicans on the House Judiciary Committee pushed through three articles of impeachment against President Bill Clinton. In 2001, U.S. Attorney General John Ashcroft announced the first federal indictment directly related to the terrorist attacks on the United States on September 11, 2001. Zacarias Moussaoui was charged with six conspiracy charges. Moussaoui was in custody at the time of the attacks.
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WEDNESDAY WISDOM: “The question isn’t who is going to let me; it’s who is going to stop me.”—Ayn Rand, Russian-American writer and philosopher
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