|
December 15th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
|
|
|
| ECONOMIC EVENTS |
U.S. retail and food services sales for November 2023 were $705.7 billion, up 0.3% from the previous month, the Census Bureau reported.
U.S. total business end-of-month inventories for October 2023 were $2,550.0 billion, down 0.1% from last month, the Census Bureau reported. U.S. total business sales were $1,856.2 billion, down 1.0% from last month.
In the week ending December 9, the advance figure for seasonally adjusted initial claims was 202,000, a decrease of 19,000 from the previous week’s revised level, the Department of Labor reported. The previous week’s level was revised up by 1,000 from 220,000 to 221,000. The four-week moving average was 213,250, a decrease of 7,750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 220,750 to 221,000.
Interest on a 30-year fixed-rate mortgage averaged 6.95% for the week ending December 15, down from last week when it averaged 7.03%, Freddie Mac reported. A year ago at this time, the 30-year FRM averaged 6.31%. Interest on a 15-year fixed-rate mortgage averaged 6.38%, up from last week when it averaged 6.29%. A year ago at this time, the 15-year FRM averaged 5.54%.
|
|
|
|
| MARKET MIRROR |
Thursday, the Dow rose 158.11 points (0.43%) to close at 37,248.35, the Nasdaq rose 27.60 points (0.19%) to close at 14,761.56 and the S&P 500 12.46 points (0.26%) to close at 4,719.55. The Russell 2000 rose 53.01 points (2.72%) to close at 2,000.51, and the FT Wilshire 5000 Index rose 268.26 points (0.56%) to close at 47,790.60.
The 10-year Treasury note rose 31/32, bringing the yield to 3.911%. The 30-year Treasury bond rose 2 27/32, bringing the yield to 4.046%.
|
|
|
|
|
|
PRODUCTS
|
|
Investment Product and Service Launches
|
Equitable enhances flagship investment-only variable annuity; AllianceBernstein Launches 5 Active ETFs; and Touchstone Investments Launches Dynamic International ETF. 
|
|
|
|
|
|
|
ON THIS DATE: In 1791, the first 10 amendments to the U.S. Constitution—a collection of mutually reinforcing guarantees of individual rights and limitations on federal and state governments—were adopted as a single unit, the Bill of Rights. In 1890, the Hunkpapa Lakota chief Sitting Bull was killed by Native American police who, with others, were attempting to arrest him near the Grand River in South Dakota. In 1892, J. Paul Getty, who would become an American oil billionaire, was born in Minneapolis. In 1948, former U.S. State Department official Alger Hiss was indicted on two charges of perjury for lying about his dealings with Whittaker Chambers, who accused him of membership in a communist espionage ring. In 1989, anti-government demonstrations erupted in Timișoara, Romania, beginning the revolution that toppled the communist leader Nicolae Ceaușescu from power a few days afterward. In 1997, the U.S. Department of Defense ordered that all Americans in its service (about 2.5 million people) be inoculated against anthrax, a potential biological weapon . In the same year, Janet Rosenberg Jagan was elected president of Guyana, becoming the first elected female president in South America and the first white president of Guyana. In 2001, the Leaning Tower of Pisa reopened in Pisa, Italy, after more than 10 years of work to stabilize the structure. In 2011, The Iraq War officially ended, as the U.S. formally declared that its mission in the country was over.
|
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2024 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
