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December 21st, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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ECONOMIC EVENTS |
Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,427,000, the Census Bureau reported. This is 0.5% below the revised October estimate of 1,434,000 and is 16.4% below the November 2021 rate of 1,706,000. Single‐family housing starts in November were at a rate of 828,000; this is 4.1% below the revised October figure of 863,000. The November rate for units in buildings with five units or more was 584,000.
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MARKET MIRROR |
Tuesday, the Dow rose 92.20 points (0.28%) to close at 32,869.75, the Nasdaq increased 1.08 points (.01%) to close at 10,547.11 and the S&P 500 was up 3.96 points (0.10%) to close at 3,821.62. The Russell 2000 rose 9.44 points (0.54%) to close at 1,748.02 and the Wilshire 5000 rose 57.00 points (0.15%) to 37,891.24.
The price of the 10-year Treasury note fell 31/32, raising the yield to 3.690%. The price of the 30-year Treasury bond rose 4/32, bringing the yield to 3.746%.
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In 1620, The “Mayflower,”and its passengers, pilgrims from England, landed at Plymouth Rock, MA. In 1898, Scientists Pierre and Marie Curie discovered the radioactive element radium. In 1937, Walt Disney debuted the first, full-length, animated feature in Hollywood, CA. The movie was “Snow White and the Seven Dwarfs.” In 1937, Jane Fonda, daughter of actor Henry Fonda and sister of actor Peter Fonda, was born. In 1945, U.S. Gen. George S. Patton died in Heidelberg, Germany, of injuries from a car accident. In 1951, Joe DiMaggio announced his retirement from major league baseball. In 1958, Charles de Gaulle was elected to a seven-year term as the first president of the Fifth Republic of France. In 1968, Apollo 8 was launched on a mission to orbit the moon. The craft landed safely in the Pacific Ocean on December 27. In 2001, The Islamic militant group Hamas released a statement that said it was suspending suicide bombings and mortar attacks in Israel.
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